• Naina

The economy’s growth is somewhat indirectly linked with the growth of value addition made by different sectors of the economy. MSMEs have been developed to speed up this growth process and contributes towards its development. MSME makes the use of indigenous resources for the production of goods and services. Development of socially backwards sections of the society is the main motive behind the emergence of this sector. This sector is contributing towards 8% of GDP of India. According to the Annual Report of MSME 2017-18, 32% of the employment in MSME sector has been provided to manufacturing enterprises and 35% to trading enterprises. MSME sector has created 11.10 crore jobs in the country. The establishment of Technology centers and Pharma clusters will also be a new initiative to be taken by the Government of India. MyMSME- a web-based application module has been provided to facilitate the enterprises so that they can avail benefits provided by the Ministry. This paper would analyze the blastoff inception- their working in the past, their contemporary performance- their present scenario and the future prospects and anticipations of MSMEs in India.

MSME, Growth Indicator, MSME-future

"A VIBRANT SECTOR OF INDIAN ECONOMY: MSME", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.88-92, June-2019, Available :http://www.jetir.org/papers/JETIR1906937.pdf

"A VIBRANT SECTOR OF INDIAN ECONOMY: MSME", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp88-92, June-2019, Available at : http://www.jetir.org/papers/JETIR1906937.pdf