Small and Medium Enterprises (SMEs) in India: Past, Present and Future

PHDCCI Working Paper

21 Pages Posted: 4 Jan 2008 Last revised: 5 Jan 2008

See all articles by Prof. K. D. Raju

Prof. K. D. Raju

Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur

Date Written: January 2008

Abstract

SMEs form the backbone of the Indian manufacturing sector and have become engine of economic growth in India. It is estimated that SMEs account for almost 90% of industrial units in India and 40% of value addition in the manufacturing sector. This paper closely analyses the growth and development of the Indian mall scale sector from opening of the economy in 1991. Third part looks into the present scenario of SMEs and the problems they phases like lending, marketing, licenseraj issues in detail. The Micro, Small and Medium Enterprises Act, 2006 is intended to boost the sector. The provisions of the Act are examined closely. The final part provides some future policy framework for the sustainability of the sector.

Keywords: SMEs, India, Small and Medium Enterprises

Suggested Citation

Raju, Prof. K. D., Small and Medium Enterprises (SMEs) in India: Past, Present and Future (January 2008). PHDCCI Working Paper, Available at SSRN: https://ssrn.com/abstract=1080505 or http://dx.doi.org/10.2139/ssrn.1080505

Prof. K. D. Raju (Contact Author)

Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur ( email )

IIT , Kharagpur
West Bengal
Kharagpur, West Bengal 721302
India

HOME PAGE: http://www.iitkgp.in

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