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Challenges of MSMEs in India government initiatives for enhancing competitiveness of MSMEs in India.

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dc.contributor.author Chary, D.T.
dc.contributor.author Rao, R.S.
dc.date.accessioned 2016-12-15T06:09:22Z
dc.date.available 2016-12-15T06:09:22Z
dc.date.issued 2016-11-01
dc.identifier.citation 5th Annual International Research Conference- 2016, on “Value addition evidence based innovation from management sciences to society", pp 143-153. en_US
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/1907
dc.description.abstract The Micro, Small and Medium Enterprises (MSMEs) play a pivotal role in the economic and social development of the country, often acting as a nursery of entrepreneurship. They also play a key role in the development of the economy with their effective, efficient, flexible and innovative entrepreneurial spirit. The MSME sector contributes significantly to the country’s manufacturing output, employment and exports and is credited with generating the highest employment growth as well as accounting for a major share of industrial production and exports. The objective of the paper is to examine the various opportunities and challenges faced by Indian MSME sector. Further, the study also focuses on evaluating the Government in policies and strategies and other measures initiated for promoting the competitiveness among the Indian MSMEs. Basically the study focused on six key challenges which the MSME sector has been facing, viz, Dearth of easy finance and credit instruments, limiting regulatory policies, unavailability of modern, affordable technology, lack of basic infrastructure facilities, absence of exclusive marketing platforms and distribution networks and inflexible labour laws and availability of affordable skilled labour. Despite the various challenges, the MSME sector has shown admirable innovativeness, adaptability and resilience to survive the recent economic downturn and contribute significantly to India’s industrial growth. Finally the paper concluded with appropriate measures initiated by the government for enhancing the competitiveness of the sector. en_US
dc.language.iso en_US en_US
dc.publisher Faculty of Management and Commerce- (SEUSL). en_US
dc.subject Entrepreneurship en_US
dc.subject Innovative entrepreneurial spirit en_US
dc.subject Competitiveness en_US
dc.subject Regulatory policies en_US
dc.title Challenges of MSMEs in India government initiatives for enhancing competitiveness of MSMEs in India. en_US
dc.type Article en_US


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