PAPER ID:IJIM/V.6(IX)/19-24/4
AUTHOR: Dr. Anita Rani
Abstract :Micro, Small and Medium Enterprises (MSMEs) is widely recognized as a ‘Powerful Instrument’ for socio-economic growth and balanced sectorial development. The MSMEs sector has emerged as a vibrant and dynamic sector and engine of growth for present millennium. The MSME sector is a nursery of entrepreneurship, often driven by individual creativity and innovation. This sector contributes 8 per cent of the country’s GDP, 45 per cent of the manufactured output and 48 per cent of its exports. The MSMEs provide employment to about 60 million persons through over 26 million enterprises producing over six thousand products .The labour capital ratio in MSMEs and the overall growth in the MSME sector is much higher than in the large industries. The MSMEs are widening their across the sectors of the economy producing diverse range of products and services to meet demands of domestic as well as global market. The purpose of this research paper is to study the present scenario of MSMEs in India. Through this paper we will be able to know the definition of MSME in Indian context. After that we will discuss the current performance of MSMEs and we will also discuss the roll of MSMEs in economic development of country.

Keywords :: MSME, Performance, Economic Development.

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