Glory of MSMEs in Growth of Indian Economy

Authors

  • K. Jagannayaki
  • Mantha Srinivas

Keywords:

MSME, Entrepreneurship, Indian Economy, Telangana

Abstract

The Micro, Small and Medium Enterprises sector has emerged as a dynamic sector of the Indian economy and an essential driver of glory and growth. It is second largest employment bowl of India. It had a vast network of 63 million enterprises stands over 40% of exports and 20% of GDP in addition to employment for 111 million people in the country. With special reference Telangana is concerned it is address of entrepreneurs in Southern Indian Region and master key in addressing employment and self-employment. TS counts for 5% of countries population and 25% of total exports. TS MSME had 100 industrial giants 603,000 small and medium enterprises which give raise to employment to 3.851 million of the country population. This paper attempts on the lion contributions of MSME sector in Indian economy with a counter-attempt of state too.

Published

2022-01-10

How to Cite

Jagannayaki, K. ., & Srinivas, M. . (2022). Glory of MSMEs in Growth of Indian Economy. NOLEGEIN-Journal of Financial Planning and Management, 4(2), 36–48. Retrieved from https://mbajournals.in/index.php/JoFPM/article/view/750