Welcome to JJEM: A Multi-Disicplinary Journal of JNNCE, Shimoga
C. R. Reddy
The Micro, Small and Medium Enterprises Act, 2006 is intended to boost up the Micro Small and Medium Enterprises (MSME) sector which has become an engine in manufacturing sector for economic growth and development of India. The Micro, Small and Medium Enterprises sector has constituted 30 million in the country and provides employment to 75 million people, of which the registered and non-registered segment is accounted for 6 per cent and 94 per cent. This supporting trend has given ample scope to the growth and development of country’s economy. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. The Micro, Small and Medium Enterprises sector along with ancillary enterprises is complementary to large industries adding enormously to the status of socioeconomic development. Therefore, industrialization is sine-quo-non of economic development. This paper analyzes on the role and performance of Micro, Small and Medium Enterprises in Indian economy and problems.
Agility, dynamism, innovativeness, symbiotic, Industrialisation , Start Up