• Ch. Raj Kumar

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to GDP, employment, and exports. However, MSMEs in India face numerous challenges that hinder their growth and development. This study aims to identify the challenges, opportunities, and future prospects of MSMEs in India. Using a mixed-methods approach, combining survey data from 500 MSMEs with in-depth interviews from 30 industry experts, this research provides valuable insights into the MSME sector in India. Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to GDP, employment, and exports. Despite their importance, MSMEs in India face numerous challenges that hinder their growth and development, including inadequate financing, lack of infrastructure, and limited access to technology. This study aims to identify the challenges, opportunities, and future prospects of MSMEs in India. Using a mixed-methods approach, combining survey data from 500 MSMEs with in-depth interviews from 30 industry experts, this research provides valuable insights into the MSME sector in India. The study finds that MSMEs in India face significant challenges in accessing finance, with 70% of respondents relying on informal sources of credit. The study also finds that infrastructure development is a major constraint for MSME growth, with 60% of respondents citing inadequate infrastructure as a major challenge. Despite these challenges, the study identifies several opportunities for MSMEs in India, including government initiatives, digitalization, and international trade. The study also highlights the need for MSMEs to adopt digital technologies, including e-commerce and digital payments, to expand their customer base and improve their competitiveness. The findings of this study have significant implications for policymakers, industry experts, and MSME owners. The study recommends that the Indian government provide more support to MSMEs, including financing, infrastructure development, and technology adoption. The study also suggests that MSMEs adopt digital technologies and explore international trade opportunities to remain competitive in the global market.

MSMEs, India, challenges, opportunities, future prospects, financing, infrastructure, technology adoption, digitalization, international trade.

"MSMEs in India: A Study of the Challenges, Opportunities, and Future Prospects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 3, page no.358-363, March-2025, Available :http://www.jetir.org/papers/JETIRGU06070.pdf

"MSMEs in India: A Study of the Challenges, Opportunities, and Future Prospects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 3, page no. pp358-363, March-2025, Available at : http://www.jetir.org/papers/JETIRGU06070.pdf