An Assess on the Performance of MSMEs in India

Abstract

The Micro, Small and Medium Enterprise (MSMEs) is the backbone of the Nation’s Economy. It contributes 8% of the country’s GDP, 45% of the manufacturing outputs and 40% of our exports. Over the last five decades, MSME sectors has highly vibrant and dynamic sector. Though MSMEs are the largest generator of employment in India but it is also helps in industrialization in rural areas. Government has taken various schemes and programs for the innovation, entrepreneurship development and growth of MSMEs in India. The performance of MSMEs plays vital role in the development of MSMEs as well as the for the country’s economy. This paper will show the performance of MSME in recent trends in India.