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PAPER ID:IJIM/Vol. 9 (IX) /January/ 33-38 /6
AUTHOR: Sohan Lal[I] Dr. Kuldeep Kumar[II]
TITLE : MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) AND ITS IMPACT ON INDIAN ECONOMY
ABSTRACT: This research paper aims to analyze the role of MSMEs in the Indian economy (2023-2024), employment generation, and the estimated number of MSMEs. The current study has analyzed the annual report of MSMEs (2023-2024) using MS Excel and represented tables and charts of the analysis. MSME (Micro, Small, and Medium Enterprises) is the soul of Indian business. Their involvement in an Indian economy like India is appreciated. Their key role is not only to generate employment but also to inspire less skilled level employees to begin at the entrepreneur level. In addition to providing employment opportunities to both rural and urban areas, the MSME sector has been found to play a significant role in the growth and development of the Indian economy. The study has also uncovered the percentage of leading industries in the MSME sector, as well as the estimated number of employees and MSMEs. The study also discusses its limitations and future recommendations.
KEYWORDS: MSMEs, Employment generation, Economic growth
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