Published Paper Details:

India is expected to emerge as one of the leading economies in the world over the next decade. The MSME sector is expected to play a vital role in the emergence of the Indian economy. The development of the said MSME segment extremely crucial to meet the national imperatives of financial inclusion and generation of significant levels of employment across the country. MSMEs are acknowledged as the backbone of the Indian economy, drastically increasing the share of contribution to GDP from the current level of 7 % to 15% by 2020. Generate employment levels to the level of 50% of the overall employment, more than the current MSME workforce force of 106 million across agricultural, manufacturing and services sectors. Several policy interventions along with technology and innovation will continue to play a pivotal role in creating a business friendly atmosphere for the SMEs. Thus it is more critical to focus on development of MSME sector employees.