International Journal of Applied Research
Vol. 2, Issue 2, Part A (2016)
Global meltdown & its impact on SME sector in India: A case study of Bank of Baroda
Iftaqar Ahmad & Dr. Jyotsna Sinha
A key lesson that had been learnt from global financial has pulled many policy makers to again rethink on the policies for economic growth which have prevailed over the past three decades. We all know that SMEs sector accounts for more than 95% of all the firms leaving aside the Primary Agriculture sector. It is a major source for generation of employment and generates significant import and export earnings. The aim of this paper is to explore the problems that were faced by most of the Small and Medium Enterprises’ entrepreneurs in India during the global financial crisis and provide valuable suggestions that will help them in coping up with these crises. The findings shows that most of the SMEs customers had faced with problems like declining demands, liquidity crunch, weakening value of rupee, interrupted power supply, inefficient rail road connectivity and so on.
How to cite this article:
Iftaqar Ahmad & Dr. Jyotsna Sinha. Global meltdown & its impact on SME sector in India: A case study of Bank of Baroda. Int J Appl Res 2016;2(2):14-17.