Role of Micro, Small, and Medium Enterprises (MSMEs) in Economic Development of India

Authors

  • Dipak Kumar Das Author

DOI:

https://doi.org/https://doie.org/10.169359/IJMRE.20212115690796

Keywords:

MSMEs, Entrepreneurship, Economic Development, Economy

Abstract

Micro, Small, and Medium Enterprises (MSMEs) contributing around 30% of the Indian gross domestic product (GDP), around 45% of the manufacturing output, and approximately 40% of the country’s exports. It won’t be wrong to refer to them as the ‘Backbone of the Indian economy.’ MSMEs players a crucial role in the development of the Indian economy and have contributed immensely to the country’s socio-economic development. It not only generates employment opportunities but also works for the development of the nation’s backward and rural areas.

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Published

2021-09-25

Issue

Section

Articles

How to Cite

Role of Micro, Small, and Medium Enterprises (MSMEs) in Economic Development of India. (2021). International Journal of Multidisciplinary Research and Explorer, 1(9), 1-7. https://doi.org/https://doie.org/10.169359/IJMRE.20212115690796