A Systematic Literature Review on Role of Micro, Small and Medium Enterprises (MSMEs) in Indian Economy

Authors

  • Rubinabibi Farukh Shaikh  Research Scholar, SPB English Medium College of Commerce, V. T. Choksi College Campus, Dumas Road, Lal Bungalow Ln, Athwalines, Surat, Gujarat, India
  • Dr. Farida Rusi Mandviwala  Assistant Professor, SPB English Medium College of Commerce, V. T. Choksi College Campus, Dumas Road, Lal Bungalow Ln, Athwalines, Surat, Gujarat, India

DOI:

https://doi.org/10.32628/IJSRST52310456

Keywords:

Micro, Small and Medium Enterprises (MSMEs), Opportunities, Challenges, Indian Economy, Productivity, Employment

Abstract

This Literature Review systematically examines the Role of Micro, Small and Medium Enterprises (MSMEs) and opportunities and challenges Faced by this MSME Sector. Following PRISMA guidelines, used predefined eligibility criteria to search the database of Google scholar for peer reviewed published literature that evaluated the Role of MSMEs in Indian economy and opportunities and challenges associated with this Sector. After screening the title, Abstract and full text of the retrieved results, evaluation done for the relevant data. 24 out of 224 met our criteria. Micro, Small and Medium Enterprises (MSMEs) play significant role in mitigating the problems of unemployment and ensuring equitable regional development. Despite the Significance Role in economy MSMEs has to face many challenges such as inadequate fund, poor infrastructural facility, inadequate marketing linkages, lack of skilled workforce etc. MSMEs will not be flourishing without adequate support of Government and Financial Institutions. Therefore, Government has taken various steps towards helping and sustaining this MSME sector.

References

Journals

  1. AL, A. K. (2022). Role of MSMEs in Economic Development and Eradication of Unemployment in India. International Journal of Trend in Innovative Research (IJTIIR), 4(4), 42-45.
  2. Bandopadhyay, K., & Khan, T. L. (2020). Factors of export promotion of MSME in India with special reference to raw material availability. SEDME (Small Enterprises Development, Management & Extension Journal), 47(1), 17-32.
  3. Das, D. K. (2021). Role Of Micro, Small, And Medium Enterprises (MSMEs) In Economic Development of India. International Journal of Multidisciplinary Research and Explorer (IJMRE), 1(1), 1-7.
  4. Hussain, Y., & Ahmed, P. (2021).INCLUSIVE GROWTH WITH EQUITY: ROLE OF MSME’S IN INDIA. International Journal of Humanities, Law and Social Sciences(Kanpur Philosophers),8(3), 1-12.
  5. Jain, D. (2019). Role of MSMEs in Generation of Employment Opportunities and Growth of the Nation. International Journal of Research and Analytical Reviews (IJRAR), 6(1), 285-294.
  6. Joshi, V., Panigrahi, C. M. A., & Pitke, M. (2020). Vision of ‘atma nirbhar bharat’role and significance of msme. The Management Accountant, 55(12), 44-47.
  7. Kaur, A., & Kaur, D. S. (2018). Assessing Growth of MSME and Bank Credit in Its Assistance. IOSR Journal of Business and Management (IOSR-JBM), 20(3), 52-55.
  8. KUMAR, D. A.(2020). ROLE OF MSME’S IN EMPLOYMENT GENERATION IN INDIA. Purakala, 31(4), 733-747.
  9. Kumar, R. (2018). Role of (MSME) in Bihar: Opportunities, Issues & Challenges. Journal of Emerging Technologies and Innovative Research (JETIR), 5(12), 622-627.
  10. Murthy, K. D., & Roopa, V. (2020). Rural Development and Urban Transformation (With special consideration with MSME). Think India Journal, 22(44), 86-93.
  11. Muthukrishnan, N. (2020). Role of MSME in retaining Indian economy from COVID impacts. Sambodhi Journal, UGC Care list Journal, 43(4), 11-16.
  12. Nagaraju, G. K. (2018). MAKE IN INDIA CAMPAIGN-A COMPLEMENT TO MSME’S GROWTH. Shanlax Journal of Commerce, 6(2), 119-124.
  13. Nandeeswaraiah, K., & Ramana, D. A. (2020). Role and performance of micro, small and medium enterprises. Journal of Management (JOM), 6(5), 2019.
  14. Patel, C. S. K., & Tripathi, R. (2022). Challenges of MSMEs in India. Journal of Positive School Psychology, 10519-10541.
  15. Raghunathan, A., Remesh, K., & Viswanathan, P. K. (2022). Sectoral impact of COVID-19 on micro enterprises with special reference to Kerala. International Journal of Health Sciences, 6(S3), 4744-4754.
  16. Rajni, K., & Bhatt, R. K.(2019). PROSPECTS OF MICRO, SMALL AND MEDIUM ENTERPRISES FOR INCLUSIVE ECONOMIC GROWTH IN INDIA. BIHAR JOURNAL OF PUBLIC ADMINISTRATION, 16(2), 305-316.
  17. Sarkar, A. (2020). Impact of COVID-19 on MSME sector in India. Jamshedpur Res Rev, 6(43), 34-39.
  18. Sekhar, S. C., & Radha, N. (2019). Impact of globalization on msme: prospects, challenges and policy implementation on economic growth. International Journal of Trend in Scientific Research and Development, 3(6), 536-541.
  19. Sezhiyan, T., & Gnanadeiveegam, M. D.(2022) An economic analysis of socio-economic status of micro and cottage industries workers in the pandemic period of Puducherry Region. International Journal of Health Sciences, 6(S2), 13435-13448
  20. Sheikh, C. A., & Saxena, P. (2020). REDEMPTION OF INDIAN MSME SECTOR TOWARDS SUSTAINABILITY AMID COVID 19 PANDAMIC ATTACK. Sambodhi, 43, 86-97.
  21. Srivastava, D. (2020). Role of MSME Sector in Indian Economy: A Study with special reference to Gujarat. Pacific Business Review International, 13(3), 117-126.
  22. Verma, T. L. (2020). Role of MSMEs in poverty alleviation and rural development in India. International Journal of Multidisciplinary Research and Development, 7(9), 61-65.
  23. Vijay, K., & Sumalatha, B. A. (2019). MSMEs-Engine of Growth and Employment: An Analysis. Think India Journal, 22(14), 1298-1307.
  24. Vincent, G.(2020). Contribution of MSMEs in Indian Economy-A Critical Evaluation. The International journal of analytical and experimental modal analysis, 12(2), 47-53.

Website:

  1. https://msme.gov.in

Abbreviations

    • MSMEs - Micro, Small and Medium Enterprises
    • PRISMA - Preferred Reporting Items for Systematic Reviews and Meta Analysis
    • GDP - Gross Domestic Product
    • KVIC - Khadi & Village Industries Commission
    • CAGR – Compound Annual Growth Rate
    • PPE Kits - Personal Protective Equipment Kits

International Journal of Scientific Research in Science and Technology

Downloads

Published

2023-08-30

Issue

Volume 10, Issue 4, July-August-2023

Section

Research Articles

License

Copyright (c) IJSRST

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Rubinabibi Farukh Shaikh, Dr. Farida Rusi Mandviwala "A Systematic Literature Review on Role of Micro, Small and Medium Enterprises (MSMEs) in Indian Economy" International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011,Volume 10, Issue 4, pp.407-413, July-August-2023. Available at doi : https://doi.org/10.32628/IJSRST52310456