A study on the growth and evaluation of MSMEs in India
TG Uma
Micro, Small and Medium Enterprises (MSMEs) provide the stimulus to the economic development of the country. The MSMEs have contributed majorly to the output, exports, job creation and the like. They have enhanced industrialization and helped the agricultural sector. The local talent have been nurtured and have got the employment opportunities. The MSMED Act 2006 was a very important milestone in upgrading the MSME units. The present article traverses through to examine the growth of the MSME sector in the background of various policy reforms. The study also attempts to critically evaluate the performance of MSMEs given the developmental reforms over the years.