Paper Title
MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMES) IN KERALA - AN EVALUATION
Keywords
- industrialisation
- micro
- small
- and medium enterprises (msmes)
- economic growth
- industrial backwardness
- and sunrise industries.
Publication Info
Volume: 4 | Issue: 1 | Pages: 39-49
Published On
March, 2013
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Abstract
The MSME sector has been recognised as an engine of growth worldwide. Micro, Small, and Medium Enterprises (MSMEs) are essential to the growth of every economy, and it frequently serves as incubators for new ventures. The MSME sector has been recognised as an engine of economic expansion and as a crucial tool for advancing equitable development. They contribute significantly to economic growth through their entrepreneurial mentality, which is productive, economical, flexible, and imaginative. The study examined the growth of MSMEs in Kerala and evaluated Kerala's small-scale industries' growth trajectory with those of its neighbouring states. Kerala's MSME sector helps the state's economy thrive, creates jobs, and has a well-balanced regional development. It has the potential to develop into an economically significant, dynamic, and globally competitive industry for the State. At the same time, this sector has been confronted with several problems- both internal and external, which necessitates a growing concern for the careful handling of the Small-Scale Industrial /MSME sector in Kerala in the wake of Globalization.
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