• Shraddha Yadav

India's Micro, Small, and Medium-Sized Enterprises are a key engine for the expansion of the Indian Economy. These MSMEs not only provide jobs but also aid in the industrialisation of rural areas, which concurrently lowers the unbalanced distribution of money among the locals. The MSMEs play a vital role in the growth of the Indian economy through their export and domestic output, minimal capital requirements, operational flexibility, and technology-oriented businesses, among other things. Small businesses are India's second-largest employer of human resources after the agricultural sector. MSMEs account for more than 80% of all industrial businesses, supporting 40% of industrial output, 80% of industrial sector employment, 45% of value contributed by the manufacturing sector, and 40% of industrial development. percentage of all exports. In this essay, an effort is made to comprehend how MSMEs have developed and contributed to India's economy as well as their function in creating job prospects there. This report also discusses the many issues these MSMEs experience when carrying out their operations.

MSMEs, Employment, Growth, Challenges of MSMEs.

"MSMES IN INDIA- GROWTH AND CHALLENGES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 7, page no.e64-e72, July-2023, Available :http://www.jetir.org/papers/JETIR2307408.pdf

"MSMES IN INDIA- GROWTH AND CHALLENGES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 7, page no. ppe64-e72, July-2023, Available at : http://www.jetir.org/papers/JETIR2307408.pdf