A Systematic Literature Review on Role of Micro, Small and Medium Enterprises (MSMEs) in Indian Economy

Author:

Rubinabibi Farukh Shaikh 1,Dr. Farida Rusi Mandviwala 2

Affiliation:

1. Research Scholar, SPB English Medium College of Commerce, V. T. Choksi College Campus, Dumas Road, Lal Bungalow Ln, Athwalines, Surat, Gujarat, India

2. Assistant Professor, SPB English Medium College of Commerce, V. T. Choksi College Campus, Dumas Road, Lal Bungalow Ln, Athwalines, Surat, Gujarat, India

Abstract

This Literature Review systematically examines the Role of Micro, Small and Medium Enterprises (MSMEs) and opportunities and challenges Faced by this MSME Sector. Following PRISMA guidelines, used predefined eligibility criteria to search the database of Google scholar for peer reviewed published literature that evaluated the Role of MSMEs in Indian economy and opportunities and challenges associated with this Sector. After screening the title, Abstract and full text of the retrieved results, evaluation done for the relevant data. 24 out of 224 met our criteria. Micro, Small and Medium Enterprises (MSMEs) play significant role in mitigating the problems of unemployment and ensuring equitable regional development. Despite the Significance Role in economy MSMEs has to face many challenges such as inadequate fund, poor infrastructural facility, inadequate marketing linkages, lack of skilled workforce etc. MSMEs will not be flourishing without adequate support of Government and Financial Institutions. Therefore, Government has taken various steps towards helping and sustaining this MSME sector.

Publisher

Technoscience Academy

Subject

Cardiology and Cardiovascular Medicine

Reference25 articles.

1. AL, A. K. (2022). Role of MSMEs in Economic Development and Eradication of Unemployment in India. International Journal of Trend in Innovative Research (IJTIIR), 4(4), 42-45.

2. Bandopadhyay, K., & Khan, T. L. (2020). Factors of export promotion of MSME in India with special reference to raw material availability. SEDME (Small Enterprises Development, Management & Extension Journal), 47(1), 17-32.

3. Das, D. K. (2021). Role Of Micro, Small, And Medium Enterprises (MSMEs) In Economic Development of India. International Journal of Multidisciplinary Research and Explorer (IJMRE), 1(1), 1-7.

4. Hussain, Y., & Ahmed, P. (2021).INCLUSIVE GROWTH WITH EQUITY: ROLE OF MSME’S IN INDIA. International Journal of Humanities, Law and Social Sciences(Kanpur Philosophers),8(3), 1-12.

5. Jain, D. (2019). Role of MSMEs in Generation of Employment Opportunities and Growth of the Nation. International Journal of Research and Analytical Reviews (IJRAR), 6(1), 285-294.

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