Growth and Future Prospects of MSME in India( Vol-4,Issue-8,August - August 2018 ) |
|
Author(s): Priyadarshani Zanjurne |
|
Keywords: |
|
MSME, Make in India, GDP, growth, employment, opportunities. |
|
Abstract: |
|
In recent years, the significance of MSME has been recognized in the world’s countries for its major contribution in various socio-economic objectives such as higher economic growth and employment, output, nurturing entrepreneurship and encouragement and support for exports. MSME play a vital role in the industrial development of any country. The MSME sector is a backbone of Indian economy for its contribution to growth of Indian economy. This sector is very much important for moves towards a faster and inclusive growth of country. The MSME sector can help for achieving the target of Nation Manufacturing Policy that manufacturing should contribute 25% in India’s GDP by 2022. For that purpose, the government of India has taken a good initiative of “Make in Indiaâ€. This paper is to focus on performance of MSME & growth and opportunities. It is concluded that this sector significantly contributes in employment, exports and manufacturing output. |
|
Cite This Article: |
|
Show All (MLA | APA | Chicago | Harvard | IEEE | Bibtex) | |
Share: |
|