Growth & performance of micro, small & medium enterprises (MSMEs) in Indian economy

Micro, Small and Medium Enterprises (MSMEs) play a catalytic role in the development process of any nation including India where millions of people are unemployed or underemployed & facing the problems of poverty & unemployment. MSMEs are providing immediate large-scale employment, with lower investments and prove to be a second largest manpower employer, after agriculture and occupy a position of prominence in Indian economy. Keeping in above backdrop, the present paper is an modest attempt to analyze the growth and performance of MSME in India. The study confirms that the significant growth of MSMEs have been taken place over a period of time and this sector is the major donor to gross domestic product (GDP), employment and exports in Indian economy. Therefore, we should encourage MSMEs to take proper care of Indian economy with concrete plan of action and its honest implementation.