Published Paper Details:

Micro, Small and Medium Enterprises (MSMEs) are playing a vital role in taking our country towards complete globalization. MSMEs are the back bone of our economy and are also acting as energy boosters for growth and development of our nation. Despite of the fact stated above, the MSMEs are facing tough competition from Large Scale Industries (LSIs), Multi National Companies (MNCs), other businesses producing cheap products as substitutes. Not only this, the two major issues took place in our country has thrown some repercussions on the growth of MSMEs, ie., (1) Demonetization in 2016 and (2) Introduction of Goods and Service Tax (GST) in 2017. The State of Telangana is home for several major manufacturing industries in bulk drugs, pharmaceuticals, agro-processing, cement & mineral-based industries, high precision engineering, textiles, leather, apparels, automobiles and auto components industry, spices, horticulture, poultry farming, biotechnology, defence equipment etc. The Industrial Sector is contributing around 25% to 30% to the Gross State Domestic Product with a direction of positive growth in the State. From the above facts observed, it has become inevitable to analyse the issues relevant to MSMEs in the context of their growth and the repercussions they are facing. Hence, this research paper focuses role of Telangana in the development of MSMEs since its formation and the repercussions of Demonetization policy and the implementation of GST on the growth of MSMEs.