( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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PROGRESS OF MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIA IN LIBERAL PERIOD

    2 Author(s):  SAMIRAN ACHARYYA,SUBHASH CHAND MODI

Vol -  13, Issue- 4 ,         Page(s) : 329 - 336  (2022 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Micro, Small, and Medium Enterprises are one of the most dynamic and important sectors in the Indian economy. It contributes a significant percentage to both the country’s GDP and employment. With low capital costs, it provides a large number of people with direct and indirect employment. In a liberal economic scenario, it faces large competition and also problems like a shortage of cheaper capital, upgraded technology, and skilled labour supply. In a pandemic crisis situation, MSMEs were unable to repay the bank loan. In this crisis situation, for the survival of MSME businesses, the way of business has been changed from physical goods to physical goods in digital media like Amazon, FlipCart, etc. In terms of the number of MSME, West Bengal is in the second position after UP.

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Government of India, MSME Annual Reports 2017-18 to 2020-21
Chandraiah M., (2013), ‘The Impact of Globalization on Micro, Small and Medium Enterprises with special reference to India’, Innovative Journal of Business and Management 2-5 September-October 2013. 
Dalberg H (2011), Report on support to SMEs in Developing Countries Through Financial Intermediaries.

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