• Kapil Soni
• Dr. Mool Chand

Small and Medium Scale Industry in India have a crucial role in Indian manufacturing sector and have become engine of economic growth in India. Today, small and medium industry occupies a position of strategic importance in the Indian economic structure due to its significant contribution in terms of output, exports and employment. The small scale industry accounts for 41% of gross industrial value addition and 49% of total manufacturing exports. It is estimated that SSIs and MSIs account for almost 90% of industrial units in India and 41% of value addition in the manufacturing sector. The present paper is a modest attempt to understand basic of SSIs and MSIs, their formation and significance in overall growth in India. Since the outbreak of the financial crisis, the world economy has been working hard for its recovery and health development. This year's global growth rate is expected to be 3.40% and 3.80%, respectively, but India's GDP continues to grow rapidly in the world's major economies. According to the International Monetary Fund, India is expected to grow by 7.80% this year.

Small-scale industry (SSI), small & Medium Enterprises Development (MSMED), Gross Domestic Product (GDP)

"Exploration of Current Status of Small and Medium Scale Industry in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.358-361, April-2019, Available :http://www.jetir.org/papers/JETIR1904354.pdf

"Exploration of Current Status of Small and Medium Scale Industry in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp358-361, April-2019, Available at : http://www.jetir.org/papers/JETIR1904354.pdf