A Study On The Role Of Micro, Small And Medium Enterprises (MSMEs) In Economic Development Of India

Micro, Small and Medium Enterprises (MSMEs) play a vital role in the economic development of India. They contribute significantly to employment generation, industrial output, exports, and inclusive growth. This study examines the structure, performance, challenges, and policy support mechanisms of MSMEs in India. The research is based on secondary data collected from government reports, institutional publications, and academic journals. The findings reveal that MSMEs are crucial for balanced regional development and poverty alleviation, although they face challenges such as lack of finance, technological backwardness, and market constraints. The study concludes with recommendations to enhance the competitiveness and sustainability of MSMEs.