International Journal of Applied Research
Vol. 2, Issue 6, Part J (2016)
Analysis of MSMEs (micro, small and medium enterprises) registered under entrepreneurs memorandum (Part-II) and Indian GDP
Purushottam Gurjar and Sudindra VR
Growth cannot be inclusive unless and until the fruits of the growth is percolated to the bottom of pyramid. So from the perspective of the economy, from the perspective of spreading opportunities across the country and perspective of spreading social equality, MSME is a critical sector in the economy. It has emerged as highly vibrant and dynamic sector of the economy and the major advantage of the sector is its employment potential at lower cost offering innovative solution and sustainable development to the economy as a whole. India has registered a higher economic growth (6-9%) consistently over the last decade. For the sustainability of this kind of growth, proper encouragement of SME sector is crucial. This paper analysis the relationship between GDP (in values) and filing of EM-II. Also analyses the number of Entrepreneur Memorandum-II filed by the five major south India states. The final part of this paper will provide major problems faced by the MSME in present global. It can conclude that, MSME significantly contributes to the GDP of the economy and growth rate of MSME EM-II registration depicts higher growth rate during 2007-08 to 2014-15.
How to cite this article:
Purushottam Gurjar, Sudindra VR. Analysis of MSMEs (micro, small and medium enterprises) registered under entrepreneurs memorandum (Part-II) and Indian GDP. Int J Appl Res 2016;2(6):625-630.