ROLE OF MSME UNITS IN GENERATING EMPLOYMENT AND SUSTAINABLE ECONOMIC DEVELOPMENT: A DESCRIPTIVE STUDY OF KARNATAKA STATE

ROLE OF MSME UNITS IN GENERATING EMPLOYMENT AND SUSTAINABLE ECONOMIC DEVELOPMENT: A DESCRIPTIVE STUDY OF KARNATAKA STATE
Author(s):
Akarsh KS, Dr. M. Ananda Rao
Keywords:
Entrepreneurship Initiatives, Economic Development, Sustainability, Start-Up’s, Government of Karnataka
Abstract
In the dynamic landscape of Karnataka State, the fusion of entrepreneurial initiatives and sustainable economic development has emerged as a pivotal force driving societal progress. Using information from the Karnataka Economic Survey 2021–22, this study explores the Micro, Small, and Medium-Sized Enterprises (MSMEs) industry in Karnataka. The report examines the dynamics of MSMEs in each of the state's 30 districts, covering the years 2005–2006 to 2020–2021. The report offers comprehensive insights into the geographical distribution, investment patterns, employment generation, and growing trends within Karnataka's MSME environment. It does this by classifying enterprises according to the Government of India's new classification system. The results illustrate the industry's tenacity, emphasising its ability to draw in capital and create jobs even in the face of economic headwinds. In addition to providing a thorough examination of Karnataka's MSME sector, this report clarifies the policy implications needed to support and foster these businesses.
Article Details
Unique Paper ID: 161975 Publication Volume & Issue: Volume 10, Issue 7 Page(s): 120 - 126
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