1Research Scholar, Dept. of Rural Development and Social Work, Sri Krishnadevaraya University, Ananthapuramu (A.P.)-515 003, srilakchow@gmail.com
2Professor, respectively, at the Dept. of Rural Development and Social Work, Sri Krishnadevaraya University, Ananthapuramu (A.P.)-515 003, gsreedharsku@gmail.com
Online published on 15 February, 2019.
Micro, Small and Medium Enterprises (MSMEs) sector has been globally considered as an engine of economic growth and a key instrument for promoting equitable development. The labour intensity of this sector is much higher than that of large enterprises. Most of the MSMEs are credited with generating the highest growth rate of employment and account for a major share of industrial production and exports. This sector caters to the needs of small entrepreneurs with lower capital and thus renders service to the rural and backward classes who are empowered to contribute to the overall national growth. MSME sector forms the backbone of economic progress and development of any State because of its versatile nature and adaptability, besides its contribution to industrial productivity, employment generation and exports. MSME sector serves the role of a torchbearer for India's growth in the years to come; the sector can further reduce the employment woes of the country. This paper seeks to examine the growth and performance of MSMEs in the leading states of India.
Growth and performance of MSMEs, across the leading states of India
