2023, Vol. 4, Issue 2, Part C
A study on role of SME’s in employment generation
Author(s): Aarti Gupta and Arun Kant Gautam
Abstract: One of the key factors in a nation’s economic development and growth is its entrepreneur population. Private business owners are left in charge of the small industrial sectors and businesses in a country like India with a mixed economic system. Small and medium-sized businesses are viewed as the economic engine for developing nations like India. Small and medium-sized businesses contribute to economic growth through producing jobs. In terms of Gross domestic product, employment creation, income distribution, rural development, poverty eradication, exports, and regional balance, it has made a substantial contribution to the overall growth. A person who innovates and brings about overall change by raising the standard of living for the benefit of society through investment and risk-taking is an entrepreneur. With this study, an effort has been made to examine how MSMEs contribute to job creation across various Indian industries. The prime minister’s policies for creating jobs are a major factor in the expansion of the MSME sector, and this study also emphasizes their significance. MSMEs are producing approximately 6000 different products in India, ranging from conventional goods to cutting-edge stuff. The newly registered MSMEs by the UDYAM are the primary subject of the current study. Based on descriptive research approach, the work employed secondary data. Several government publications, the SIDBI annual report, the MSME report for 2021-2022, and other sources serve as secondary data sources.
Pages: 287-290 | Views: 198 | Downloads: 91
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How to cite this article:
Aarti Gupta, Arun Kant Gautam. A study on role of SME’s in employment generation. Asian J Manage Commerce 2023;4(2):287-290.
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