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A Study on Impact of MSMEs on Job Creation in the Indian Economy

  • Unique Paper ID: 167752
  • Volume: 11
  • Issue: 4
  • PageNo: 209-213
  • Abstract:
  • The Micro, Small, and Medium Enterprises (MSME) sector has become a vital driver of economic growth and job creation in India. This research paper seeks to explore and evaluate the impact of the MSME sector on employment generation within the country. The study reviews the current state of MSMEs, identifies key factors influencing job creation, investigates the challenges confronting the sector, and offers policy recommendations to boost its contribution to employment. Utilizing a descriptive methodology, the research incorporates quantitative analysis of secondary data from sources such as academic papers, government publications, and MSME Annual Reports, alongside insights from expert interviews related to the paper's theme. The results highlight the MSME sector's significant role in generating employment, particularly in rural and semi-urban areas. However, the sector is hindered by obstacles like limited financial access, poor infrastructure, and complex regulations. The paper concludes by suggesting measures to strengthen the MSME sector, including easier access to credit, infrastructure enhancement, regulatory simplification, and the promotion of skill development programs.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 4
  • PageNo: 209-213

A Study on Impact of MSMEs on Job Creation in the Indian Economy

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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