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VOL. 5, ISSUE 5 (2018)
Role of Micro, Small and Medium Enterprises (MSMEs) in India’s Economic Growth
Authors
Dr. Sharmila Ahlawat
Abstract
Micro, Small and Medium Enterprises (MSMEs)
constitute the backbone of India's economic architecture. This paper examines
the multifaceted contributions of MSMEs to India's Gross Domestic Product
(GDP), employment generation, export promotion, and inclusive development up to
the financial year 2017–18. Drawing on data from the Ministry of MSME, Annual
Survey of Industries (ASI), and the Fourth All India Census of MSMEs, the paper
analyses sector-wise growth patterns, policy interventions, and the structural
challenges constraining the potential of this vital segment. Findings reveal
that MSMEs account for approximately 29% of India's GDP, employ over 111
million workers, and contribute nearly 48% of total exports. The paper
concludes with policy recommendations to strengthen the MSME ecosystem.
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Pages:257-261
How to cite this article:
Dr. Sharmila Ahlawat "Role of Micro, Small and Medium Enterprises (MSMEs) in India’s Economic Growth". International Journal of Multidisciplinary Research and Development, Vol 5, Issue 5, 2018, Pages 257-261
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