Benefits of MSME Sector in Indian Economy with special reference to Ernakulum District

Authors

  • Bincy Baby  Department of Commerce, St. Peter's College, Kolenchery, Ernakulam Dist, Kerala, India
  • Minnu Meria Joy  Department of Commerce, St. Peter's College, Kolenchery, Ernakulam Dist, Kerala, India

Keywords:

Benefits, Micro, Small, Medium Enterprises, ANOVA

Abstract

The micro small and medium enterprises have been accepted as the engine of economic growth and driving force for promoting equitable development. With its celerity and dynamism the sector has shown admirable innovativeness and adaptability to survive latest economic downturn and showing future growth opportunities. MSME promotes inclusive growth by providing employment opportunities to village areas. Obviously, these enterprises are a recourse for the unskilled, less educated and less trained workers from poverty by getting wages and it helps to increase the standard of living especially to people belonging to weaker sections of the society. This paper is to focus on benefits of MSME in village area. It is concluded that this sector significantly contributes in employment, income to society and government, GDP, skill and development among people, exports and manufacturing output.

References

  1. Priyadarshani Zanjurne, (2018), “Growth and Future prospects of MSME in India
  2. Yogesh C Joshi and KaushalKishore(2018),” Do MSME practice Energy Conservation Principle: A case of Gujarath, Journal of Energy and Management pp 39-50.

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Published

2021-08-30

Issue

Section

Research Articles

How to Cite

[1]
Bincy Baby, Minnu Meria Joy "Benefits of MSME Sector in Indian Economy with special reference to Ernakulum District" International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011,Volume 8, Issue 4, pp.87-93, July-August-2021.