Affiliation:
1. Lovely Professional University, India
Abstract
Small businesses serve as powerful drivers of sustainability and growth in emerging economies. Their contributions to economic development, job creation, inclusive growth, and environmental sustainability are unparalleled. By overcoming challenges through supportive policies and innovative approaches, governments and stakeholders can unleash the full potential of small businesses, creating a more prosperous and sustainable future for emerging economies. Keeping all these in consideration this chapter delves into the crucial aspects of small businesses and their pivotal role as catalysts of growth and sustainability in emerging economies and aims to provide a comprehensive understanding of the multifaceted contributions of SMEs to economic development, highlighting their significance in driving sustainable growth and promoting social and environmental well-being.