Entrepreneurship in North Eastern Region of India-The Msme Perspective (original) (raw)
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Major Role of Micro, Small and Medium Enterprises (MSMEs) Sector in North East India
International Journal of Multidisciplinary Research and Modern Education (IJMRME), 2022
The Micro, Small, and Medium Enterprises (MSME) sector has grown to be a vibrant area of the Indian economy and a crucial engine of the economic cycle. It generates the second highest employment possibilities and significantly aids in the growth of entrepreneurship. The MSME sector significantly contributes to the growth of the Indian economy, accounting for more than sixty-three million three hundred eighty thousand enterprises, over forty percent of exports, over twenty-eight percent of the GDP, and providing employment for about one hundred eleven million people. In this paper, an attempt has been made to analyses the major role of the MSME sector in North East India, and a brief discussion of the current situation, employment status, an overview of the targeted activities, and the growth and distribution of MSME in North East India. To achieve the study's various objectives, various methodologies were used. Secondary data has been analyzed to investigate the significant role of the MSMEs sector in North East India. According to the findings and analyses, the MSMEs sector as a whole is the engine of growth for the Indian economy and North Eastern states development. According to the study, there is an increasing pattern in the number of units, employment, and asset market value. It is worth noting that there is a strong relationship between the total factory unit and employment. The role of the MSMEs sector is rapidly expanding, and it has become a focal point for future growth in rural and urban development, with significant policy implications.
Status of Micro Small and Medium Enterprises ( MSME ) in India : A Regional Analysis
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In developing countries, like India, most of the space is not always suitable for set up of large investments and such type of lacuna can be minimized by lesser amount of investment. With the advent of planned economic structure of Indian Democracy, Micro, Small and Medium Enterprises (MSMEs), widely accepted “engine of economic growth of India” have gained attention of policy makers due to its potential of generating large output from a lower investment. This labour intensive sector has the capacity of reducing regional imbalances through income and employment generation, economic independence of rural folk and helps in sustainable development. Numerous registered and unregistered enterprises are mushrooming in India but there are also spatial inequalities too. In India, states like Tamil Nadu, Uttar Pradesh, Gujarat and West Bengal are the leading states in MSME sector. MSMEs in India are very much heterogeneous. The present paper will focus on existing scenario and trends of MSME...
Micro, Small and Medium Enterprise Sector in India
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THE IMPACT OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) ON INDIAN ECONOMY IN INDIA
Shodhsanhita, 2022
MSME (Micro, Small and Medium Enterprises) is the soul of Indian business. Their involvement in an Indian economy like India is appreciated. Their key role is not only to generate employment, but also inspire less skillful level employee to begin at entrepreneur level. The objective of this research paper is to analyze the role of MSMEs in Indian economy (2020-2021), employment generation and estimated number of micro, small and medium enterprises. Current study has analyzed the annual report of MSMEs (2020-2021) using Ms-Excel and represented tables and charts of the analysis. This has been revealed that the MSME sector plays an important role in the growth and development of Indian economy and also aids in rendering employment opportunities to rural and urban areas. The study has also uncovered the percentage of leading industries in MSME sector and estimated number of employees and MSMEs. The limitation and future suggestion are also discussed in the study.
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This study provides a detailed analysis of the key role that the MSME sector plays in India's growth and development journey. It provides information about the key economic indicators and how MSME contributes to it. Emphasis was laid on major Indicators such as employment rates, GDP, FDI, export performance, demonstrating their role in boosting the Indian economy. Thorough analysis of various government schemes like SFURTI, PMEGP, ASPIRE and other such schemes has been done to illustrate their role in promoting employment, innovation, entrepreneurship and economic progress. By utilizing a comprehensive dataset obtained from reputable sources such as MSME annual report, circulars from Press Information Bureau, various government site, and RBI publications, statistical techniques including correlation analysis and regression modeling were used to examine complex relationship between MSME performance and macroeconomic variables and to derive meaningful insights into the role of MSMEs in India's economic growth and Original Research Article
Micro, Small and Medium Enterprises (MSME)- An Indian Perspective
The present paper is an attempt to understand the MSME from Indian perspective from the point of view of employment and investment scenario, share of MSME sector in total GDP, sector wise break up, sector wise growth comparison and geographical wise division of registered and unregistered units etc. In this regard secondary data is taken as base. The present paper will give an opportunity for more intensive research perspective from segment wise classification of the data.
With an impressive history of small firm development policy, in post-Independence India MSMEs (Micro, small and medium enterprises) dominate the industrial scenario through its contribution to generation of employment and income as also tackling the problem of regional disparities. Policymaking in the entrepreneurship field is complex and messy. Many areas of Government policy affect levels of entrepreneurial activity -regulatory policies, trade policies, labor market policies, regional development policies, social policies, and even gender policies. This means Governments must adopt more horizontal structures for developing and implementing an integrated policy approach. The mix of policy options will depend on a number of factors, including the prevailing attitudes of the population towards entrepreneurship, the structure of the labor force, the size and role of Government, the prevalence of existing level of entrepreneurial activity and the existing MSMEs. It is commonplace for Governments to have policies to encourage the growth of local MSMEs as they can help to directly alleviate poverty by increasing income levels and creating jobs. So the main purpose of the article is to introduce and analyze the relationship between Government policy and the growth of entrepreneurship in the micro, small &medium enterprises of India. In particular, it also considers the contribution of MSMEs towards country's employment generation. The global market has changed considerably as also the activities of Micro, Small and medium enterprises. Today, for businesses to survive, dynamism and entrepreneurship must exist in its fullest degree.
Micro, Small and Medium Enterprises (MSMEs) have played an imperative role in the economic activities of advanced industrialized countries like Great Britain Germany, Japan, and the United States of America. In developing countries like India, these industries or Enterprises have an enormous importance due to its high level employment potential with low capital cost. MSMEs are also supporting in industrialization of rural backward areas. This sector is also called the nursery of entrepreneurship. This study is regarding Jammu and Kashmir (J&K) of the India, an industrial backward state of India. In J&K large scale industries are present in small numbers; only MSMEs/SSI units are growing after a long gap of disturbance. From last two decades MSMEs/SSI have been growing in a satisfactory pace as per circumstances of the state. However these enterprises are facing different hurdles in overall growth and development like poor infrastructure, shortage of electricity, political instability and financial problems. Government is outlining different policies and schemes for the growth of this sector but unfortunately failing to complete their objectives. This paper will draw attention towards Growth, Challenges and Issues related to Micro, Small and Medium Enterprises (MSMEs) of J&K.
2012
This paper examines the growth and performance of Micro, Small and Medium Enterprises (MSMEs) in terms of employment, exports, production and growth in number of units. The sector occupy strategically important place in Indian economy in view of its considerable contribution to employment, production and exports (Planning Commission, GOI). Micro, Small and Medium Enterprises (MSMEs) facilitate the tapping of resources for productive purposes with minimum amount of capital investment, which in turn helps to strengthen the industrial structure of a nation. These enterprises existed in India for a long time in various sectors and contributed significantly in bringing down regional imbalance; generating employment opportunities, output, and exports; reducing poverty; fostering entrepreneurship and accelerating economic development. It occupies a position of prominence in India and contributes over 45 percent of the industrial production in terms of value-addition. This sector plays a key role in the industrialization process and accounts for one-third of exports, and employs the largest manpower next to agriculture. The paper concludes with policy recommendations to ensure the sustainable growth and performance of MSMEs in India.
2011
Micro, Small and medium enterprises (MSMEs) as the most common form of enterprises in many countries are very significant for the development of their market economies. They are the main creators of the new working places and they present a vital core of the market economy. The experiences of well-developed countries show that the sector of Micro, small and medium enterprises is a basic link to the growth and development of their public economy. Policymaking in the entrepreneurship field is complex and messy. Many areas of Government policy affect levels of entrepreneurial activity. The mix of policy options will depend on a number of factors, including the prevailing attitudes of the population towards entrepreneurship, the structure of the labor force, the size and role of Government, the prevalence of existing level of entrepreneurial activity and the existing MSMEs. It is commonplace for Governments to have policies to encourage the growth of local Micro, small and medium enterp...