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 MSME –The Growth Engine of Indian Economy

• Generating employment, reducing poverty, and

discouraging rural-urban migration.

• These enterprises help to build a thriving

entrepreneurial eco-system, in addition to promoting
the use of indigenous technologies. The sector has
exhibited consistent growth over the last few years,
but it has done so in a constrained environment
often resulting in inefficient resource utilization.

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 Classification of the MSMEs in India

Indian MSMEs comprise three sub-sectors:

1. Predominantly rural based, traditional household
industries
2. Small and medium industries, functioning with
relatively obsolete technologies
3. Modern small and medium enterprises, which
are owned and operated by techno-
entrepreneurs, operating in new industries such
as software and bio-technology, among others.
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 MSME Clusters – an opportunity and a
challenge

• The traditional view of stand-alone MSMEs has

become increasingly unsustainable. The imperative
for situating them as part of larger value chain, has
become all the more important.

• The experience of the electronics and auto

components subsectors provide important learning
on subsector based development strategies.

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 Best practice policies

• Financing

• The business environment

• Technology

• Management capabilities

• Access to markets
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 Conclusion

MSMEs are highly adaptable between the developed and

developing economies, provided that they have a facilitating
environment to grow Micro, Small and Medium Enterprises
(MSMEs) are a critical economic factor in poorer countries as
well as the more developed economies in the world today.

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REFERENCES:
• Micro, Small and Medium Enterprise Finance in India-A research study on need ,gap and way forward by IFC

• http://ssrn.com http://ssrn.com/ Prof. B.B Kar .Prof. R.N Subudhi MSME Growth Dilemma : Create More or
Reduce Mortality ? A Research Study on Needs, Gaps and Way Forward http://ssrn.com/ Kenny Bell and Ed
Vos SME Capital Structure: The Dominance of Demand Factors

• http://ssrn.com Santiago Carbó-Valverde*University of Granada and Federal Reserve Bank of.

• DR. Ashok Kumar Panigrahi Associate Professor in Finance, NMIMS University, Shirpur.

• Risk Management in Micro, Small and Medium Enterprises (MSMEs) in India: A Critical Appraisal Asia Pacific
Journal of Marketing & Management Review_ISSN 2319-2836 Vol.1 (4), December (2012) Online available at
indianresearchjournals.com

• http://ssrn.com Aakriti Goel Indian Institute of Management Bannerghetta Road Bangalore Challenges In
Micro Small And Medium Enterprises

• http://ssrn.com Cris Abraham Kochukalam ,Assistant Professor .Berchmans Institute of Management Studies
S B College ,Changanassery ,Kerala , Make in India Opportunities and Challenges – a study based on MSMEs in
Kerala

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