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

Authors

  • Dipak Kumar Das Author

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.

Published

2021-09-25

Issue

Vol. 1 No. 9 (2021)

Section

Articles

License

Copyright (c) 2021 Dipak Kumar Das (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

This is an Open Access article distributed under the term's of the Creative Common Attribution 4.0 International License permitting all use, distribution, and reproduction in any medium, provided the work is properly cited.

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://ijmre.com/index.php/IJMRE/article/view/77