Published Paper Details:

The importance of MSME has been recognized in recent years in both developed and developing countries for its significant contribution in gratifying various socio-economic objectives such as higher growth of employment, output, promotion of exports and fostering entrepreneurship. They play a crucial role in the industrial development of any country. The MSME sector is an important pillar of Indian economy as it contributes greatly to growth of Indian economy. The present paper is an attempt to focus the present status of performance of MSMEs in India in terms of growth of number of units, growth of employment, Market value of fixed assets and Gross Value of output of MSME Manufacturing sector. It also examined the contribution of MSMEs to Gross Domestic Product in India and various internal and External Problems faced by MSMEs. It is concluded that this sector is contributing significantly to manufacturing output, employment and to the GDP of the country. MSMEs in India face a number of problems such as absence of adequate and timely banking finance, non-availability of suitable technology, ineffective marketing due to limited resources and non availability of skilled manpower.