Growth & Performance of MSMEs in India: Prospects and Problem

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Suman Dahiya
Keyword(s):  
Growth Performance ◽  
Growth And Development ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Employment Opportunities ◽  
Equitable Distribution ◽  
Indian Economy ◽  
Medium Enterprises ◽  
Improved Technology ◽  
Keen Competition

The Micro, Small and Medium Enterprises (MSMES) have always been considered as growth engine of the Indian economy. MSMES are well known for its lower investment and technology requirement. After agriculture, this sector holds second position in generating employment opportunities in Indian economy. MSMES also enhance industrialization in rural and backward area thereby reduce regional imbalances and assure equitable distribution of national income and wealth. Despite its contribution and significance in the Indian Economy, the MSME sector has been facing various hurdles since long. After the liberalization and globalization in India since 1991, this sector is facing keen competition from domestic organizations as well as from the MNCS because of the improved technology in the market. This present paper deals with growth and development of MSMES in India and also highlight the problem and prospects of MSMES in India.

Business Excellence Strategies for SME Sustainability in India

2017 ◽  
pp. 61-78 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Theory Approach ◽  
Employment Opportunities ◽  
Equitable Distribution ◽  
The Core ◽  
Business Excellence ◽  
Medium Enterprises ◽  
Grounded Theory Approach

Accepted worldwide Small and Medium Enterprises (SMEs) are fueling the engine of economic growth apart from promoting equitable development. They provide large employment opportunities at comparatively lower capital cost apart from enabling industrialisation of backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. This is more so in the Asian economies and undoubtedly SME is an important contributor to Indian economy. However, globalisation is bringing new opportunities. To seize these opportunities, SMEs need to re look at their business and strategize for excellence. Hence, the core objective of this chapter is to explore whether adopting excellence models can help SMEs to attain sustainability. Through in depth literature review and grounded theory approach the focus is to discuss different business excellence theories and focus on the need to use business excellence strategies for their sustainability and continued success.

Business Excellence Strategies for SME Sustainability in India

2017 ◽  
pp. 1020-1037
Author(s):  
Neeta Baporikar
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Theory Approach ◽  
Employment Opportunities ◽  
Equitable Distribution ◽  
The Core ◽  
Business Excellence ◽  
Medium Enterprises ◽  
Grounded Theory Approach

Accepted worldwide Small and Medium Enterprises (SMEs) are fueling the engine of economic growth apart from promoting equitable development. They provide large employment opportunities at comparatively lower capital cost apart from enabling industrialisation of backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. This is more so in the Asian economies and undoubtedly SME is an important contributor to Indian economy. However, globalisation is bringing new opportunities. To seize these opportunities, SMEs need to re look at their business and strategize for excellence. Hence, the core objective of this chapter is to explore whether adopting excellence models can help SMEs to attain sustainability. Through in depth literature review and grounded theory approach the focus is to discuss different business excellence theories and focus on the need to use business excellence strategies for their sustainability and continued success.

Innovation and Sustainability in SMEs

2018 ◽  
pp. 163-181 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Organizational Development ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Global Market ◽  
Self Assessment ◽  
Employment Opportunities ◽  
Business Sustainability ◽  
Sustainable Solutions ◽  
Medium Enterprises ◽  
Short Termism

Small and Medium Enterprises (SMEs) are the engines of economic growth, promote equitable development and create more opportunities for being innovative in providing sustainable solutions. They also play a crucial role in providing employment opportunities, aid industrialization in rural backward areas, reduce regional imbalances and assure equitable distribution of national income and wealth. But survival in the new global market calls not only for improved productivity but sustainability and growth through innovation on incessant basis. Business sustainability involves self-assessment to identify improvement opportunities, strengths and ideas for future organizational development. In India, though SME is an important contributor to economy, yet many face lot of difficulties and end winding up or becoming unsustainable. Several studies have shown that factors related to poor management, less innovative approaches, short short-termism are the causes of failure or closure. Hence, the core objective of this chapter is to explore the approaches which can lead to better understanding of sustainable replicas to enhance innovation and sustainability.

scholarly journals Rise of Hindutva Politics, Demonetisation, and Its Impact on Micro, Small and Medium Enterprises in India

2021 ◽  
Author(s):  
Geeta Sinha ◽  
Bhabani Shankar Nayak
Keyword(s):  
Social Development ◽  
Small And Medium Enterprises ◽  
Industrial Sector ◽  
Pivotal Role ◽  
Employment Opportunities ◽  
Indian Economy ◽  
The People ◽  
Medium Enterprises ◽  
The Relationship ◽  
Capital Intensive

In India, different political regimes have introduced varied policies for the economic and social development of the nation. Within the context of industrial sector development, MSMEs contribute and play a pivotal role in the growth of Indian economy. These enterprises nurture local entrepreneurship and generate large employment opportunities that are comparatively less capital intensive and stands next to agriculture. This paper examines the relationship between the rise of Hindutva politics and MSMEs in India and argues that the rise of Hindutva politics and its demonetisation policies have adversely impacted the MSME sector. The demonetisation policies proved to be fatal and laden with complexities for the MSME sector to cope that mostly overlaps with the informal sector. The paper explores the impacts of demonetisation on MSMEs that proved detrimental and unfavourably affected the lives of the people, hence, rendering to its decline in the country.

scholarly journals A STUDY ON THE PERFORMANCE OF SMALL SCALE SECTORS IN KANYAKUMARI DISTRICT

2016 ◽  
Vol 4 (5SE) ◽  
pp. 92-97
Author(s):  
Sugin Raj ◽  
K.V.Soundara Raja
Keyword(s):  
Crucial Role ◽  
Small And Medium Enterprises ◽  
Secondary Data ◽  
Capital Cost ◽  
Small Scale ◽  
Employment Opportunities ◽  
Indian Economy ◽  
And Performance ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas.  This paper assesses the growth and performance of MSMEs in Kanyakumari district on the number of enterprises, investment, employment generated and money value of the production. The performance of MSMEs assessed with the secondary data from 1984-85 to 2014-2015

scholarly journals THE ANALYSIS OF FINANCIAL AND NON-FINANCIAL SUPPORT TO THE SECTOR OF SMALL AND MEDIUM ENTERPRISES IN THE REPUBLIC OF SRPSKA

2015 ◽  
Vol 1 (10) ◽  
pp. 89
Author(s):  
Boban Sašić
Keyword(s):  
Financial Support ◽  
Growth And Development ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Research Problem ◽  
Business Activity ◽  
Financial Instruments ◽  
Business Climate ◽  
The Republic ◽  
Medium Enterprises

The aim of this paper is to analize the role and importance of financial and non-financial instruments of supporting the sector of small and medium enterprises (SMEs) in the Republic of Srpska (RS). For that purpose, in late 2013 and early 2014, there was conducted a quantitative research on a sample of 110 respondents on the whole territory of RS, with the aim of finding the answers to the following question: What is the reason that a large number of SMEs in RS fail to provide adequate financial and non-financial support to their business activity and what measures should be taken in order to improve the current situation? In order to specify the research problem, we ask ourselves if the existing instruments of financial and non-financial support to the sector of SMEs in the RS are sufficiently developed and accessible, as to contribute to the successful growth and development of the said enterprises? We found that the above mentioned instruments of support to the SME sector in RS are not sufficiently developed. Respondents were acquainted with the sole instruments and models of financial and non-financial support that exist in RS. According to the results of the empirical research, we conclude that creating and mastering the models and instruments of financial and non-financial support to SME sector in the RS and providing the adequate business climate for their successful functioning, will increase the availability of favourable financial means for SMEs, as well as the possibility of using the positive aspects of clusters, guarantee funds, factorings and other forms of entrepreneurship infrastructure.

scholarly journals MSMEs as Engine of Economic Growth in Nigeria: Challenges and Prospects of Scalability

2018 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
Emmanuel Okokondem Okon
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Technological Systems ◽  
Economic Growth And Development ◽  
Area Of Concern ◽  
Medium Enterprises ◽  
A Company

Growing or expanding the Micro, Small and Medium Enterprises (MSMEs) sector of the economy is one key strategy to achieve economic growth and development. Micro, Small and Medium Enterprises (MSMEs) scalability (growth or expansion) have become an area of concern for economic growth in developing economies. People use the term in reference to computer or other technological systems, but those in business also use the word to describe the adaptability of a company (Thibodeaux, 2015) in today‘s fast-paced business environment where the focus on customer satisfaction is at an all-time high. This article discusses the concept of scalability as it relates to business and non-scalable components of business process as well as the importance of being scalable. It also looked at some of the challenges and practices that prevent effective scalability of MSMEs in Nigeria and the way forward.

scholarly journals COVID-19 Pandemic and Micro, Small and Medium Enterprises (MSMEs): Policy Response for Revival

2020 ◽  
Vol 47 (3) ◽  
pp. 213-228
Author(s):  
Minaketan Behera ◽  
Sanghamitra Mishra ◽  
Niharika Mohapatra ◽  
Alok Ranjan Behera
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Activities ◽  
Fiscal Stimulus ◽  
Indian Economy ◽  
Long Run ◽  
Market Linkage ◽  
The Government ◽  
Medium Enterprises ◽  
High Degree ◽  
The Relationship

The outburst of COVID-19 has not only distressed the economic and social activities of Indian economy but also the world economy as a whole. Out of different economic activities, the micro, small and medium Enterprises (MSMEs) affected a lot. This article attempts to measure the contribution of MSMEs towards Indian economy and also attempts to find out the challenges and problems in pre- and during COVID period. We have used different descriptive statistics to measure the impacts of MSMEs and also use of correlation and co-integration to measure the relationship among the variables such as number of MSMEs, investment amount, employment and output. This pandemic is an exceptional shock for MSMEs. It is evident that there is a high degree of significant positive correlation among the variables. Johansen’s co-integration analysis resulted in the rejection of the null hypothesis signifying the existence of long-run co-integrating relationship. Given the extensive COVID-19 chaos, the government needs to establish an ongoing monitoring system and declare urgent relief steps to improve the MSMEs sector’s confidence. E-market linkage for MSMEs should be promoted, and fiscal stimulus should increase for this sector. The Government of India should take various measures to improve Indian MSMEs and achieve the vision of Self-reliant India.

Service-Oriented Framework for Advance Diagnosis of MSMEs Turning into NPAs

2017 ◽  
pp. 264-282
Author(s):  
Agnivesh Pandey ◽  
Rajiv Pandey
Keyword(s):  
Service Oriented Architecture ◽  
Small And Medium Enterprises ◽  
Legal Framework ◽  
Platform As A Service ◽  
Indian Economy ◽  
Architecture Framework ◽  
Large Numbers ◽  
Service Oriented ◽  
Major Section ◽  
Medium Enterprises

Banking Industry in India, a major section of which constitute of nationalized Banks, is facing three important challenges- to continue its contribution in rapid growth of Indian Economy, to make pace with the International Prudential Norms of Banking and Accounting Practices and to contain NPAs (Non-Performing Assets) and recover, which has reached an alarming Rs 6.0 lakhs crores. The bulk of Bank advances go to the large industries and big and established business houses, the major share of NPAs are attributed to them presently. The share of MSMEs (Micro, Small and Medium Enterprises), a priority sector of Indian economy, towards growing NPAs may need equal attention as they are in large numbers. Laying stress on strengthening legal framework to overcome this challenge not proving very effective, a service oriented architecture framework may find a solution of advance diagnosis and prevention of MSMEs turning into NPAs. This chapter proposes data mining service in cloud computing environment to Banks which can be delivered as Platform-as-a-Service through Shiny.

Electronic Commerce Policies for Dutch SMEs

2005 ◽  
pp. 1006-1011
Author(s):  
Maria-Eugenia Iacob ◽  
Piet Boekhoudt ◽  
Freek Ebeling
Keyword(s):  
The Netherlands ◽  
Private Sector ◽  
Electronic Commerce ◽  
Labor Force ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Small Scale ◽  
Private Enterprises ◽  
Wealth Creation ◽  
Medium Enterprises

Dutch small and medium enterprises (SMEs) are one of The Netherlands’ most important sources of wealth creation and employment. No less than 99% of private enterprises consist of medium and small-scale businesses. They provide employment for 2.3 million people (60% of the Dutch labor force) and account for 52% of the national income generated in the private sector (www.mkb.nl/mkbnederland/english.shtml).

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