SECTOR WISE ANALYSIS OF MSME – CONTRIBUTION TO GROWTH OF INDIAN INDUSTRY
Keywords:
MSMEs, Sector wise, Doing Business, Marketing of MSMEs productAbstract
Small Scale Industries (SSIs) play an important role in the economic development of a country. Their role in terms of production, employment generation, contribution to exports in the case of sector wise analysis, this study uses secondary data from the MSMEs annual report of the past twenty years data. The nature in research is exploratory. In a developing country like India, the role and importance of small-scale industries is very significant towards poverty eradication, employment generation, rural development and creating regional balance in promotion and growth of various development activities. It is estimated that this sector has been contributing about 40% of the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. The authors’ findings reveal that the performance of small scale industry, parallel increasing growth in MSMEs sector and the overall Industrial sector and the sector namely Food Products and Beverages contribution more than the other nine sectors used in this study.
References
Gautam, R. K., & Singh, R. (2009). Small-Scale Industries of Punjab: An Overview. IUP Journal of Management Research, 8(3), 37.
Aspelund, A., & Moen, Ø. (2001). A generation perspective on small firm internationalization: From traditional exporters and flexible specialists to born globals. In Reassesing the Internationalization of the Firm (pp. 197-225). Emerald Group Publishing Limited.
Desai, V. (2008). Small-scale Industries and Entrepreneurship in the Twenty-first Century: Spirit of Enterprise. Himalaya Publishing House.
Longenecker, J., Moore, C., Petty, J., & Palich, L. (2003). Small business management: An entrepreneurial emphasis Thomson-Southwestern.
Natrajan, (2011). Entrepreneurship Development, Third revised Edition. Mumbai: Himalaya Publishing House.
Uma. P (2013). Role of SMEs in Economic Development of India . Asia Pacific Journal of Marketing & Management Review, Vol.2(6), pp. 120 – 126.
Raghurama and Rameshwar, (2013). An overview of small scale industries in India and Karnataka State . GRA – Global Research Analysis, Vol.2 Iss.2, pp. 24 – 27.
Singh, R., Verma, O. P., & Anjum, B. (2012). Small scale industry: an engine of growth. Zenith International Journal of Business Economics & Management Research, 2(5), 210-221.
Sushil Kumar Sing, (2009). Economic performance of MSMEs in India: A Strategic analysis. PCMA Journal of Business, Vol.1 Iss. 2 pp. 147 – 160 .
Sahu, G. P. (2008). Information Technology: A Growth Navigator for Small Scale Industries in India. IGI Global.
Kansal, D. R., & Kansal, R. (2009). Globalization and its impact on small scale industries in India. PCMA Journal of Business, 1(2), 135-146.
Geete, V., & Thakur, A. Growth Evaluation of Indian Small Scale Industries in the Last Two Decades. v3 Journal of Management, 24.
Vidya, S., & Shashidhar, P. (2007). Competitiveness of Small-Scale Industries of India.
Sujatha, Y., Reddy, P. S., & Rao, D. K. P. (2012). Small Scale Industries Common Causes of Sickness and Probable Remedies. International Journal of Current Research, 4, 146-148.
Annual Reports for 2011-15, Ministry of Small Scale Industries, Government of India
https://www.rbi.org.in/scripts/BS_ViewBulletin.aspx?Id=13472
