THE TRAJECTORY OF INDIAN MSMES: EVOLUTION, CONSTRAINTS, AND POLICY IMPLICATIONS
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This paper aims to analyse the current scenario of MSMEs in India and explore the prospects of the MSME sector in the era of tense global economic volatility. This paper is purely a conceptual paper.
This paper examines the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) as the "backbone" of the Indian economy. Contributing significantly to industrial output, exports, and employment generation, the MSME sector acts as a primary driver of equitable growth and regional development. This study analyses the current landscape of Indian MSMEs, exploring their contributions to the Gross Domestic Product (GDP) and their resilience in the face of global economic shifts and conflicts between nations. It also highlights the key factors that hinder the growth of MSMEs and advocates for policy recommendations to support their development.
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V, H. (2026). The Trajectory of Indian MSMES: Evolution, Constraints, and Policy Implications. International Journal of Science, Strategic Management and Technology, 02(04). https://doi.org/10.55041/ijsmt.v2i4.363
V, Hiteshkumar.. "The Trajectory of Indian MSMES: Evolution, Constraints, and Policy Implications." International Journal of Science, Strategic Management and Technology, vol. 02, no. 04, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i4.363.
V, Hiteshkumar.. "The Trajectory of Indian MSMES: Evolution, Constraints, and Policy Implications." International Journal of Science, Strategic Management and Technology 02, no. 04 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i4.363.
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