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Follow on Google News | Market Report on SMEs in IndiaAround the globe, SMEs have played an important role in boosting economic activity and creating employment. Indian economy is no exception as small and medium enterprises have contributed substantially to the growth.
By: Vijya Research & Advisory We at Vijya Research & Advisory have decided to come out with one reference document on Small and Medium Enterprises which lays out an entire description of this sector. In India, SMEs have played an important role in boosting economic activity and creating ample job opportunities for skilled as well as unskilled labor. The SME sector in India is defined on the basis of investment in equipments, plants && machinery made by an enterprises. The limit for investment differs between manufacturing sector and services sector. The SME segment officially includes micro, small & medium enterprises, known as MSME. There are around 105 lakh SME units in India currently which employ 3 crore people with an investment of Rs. 1.54 lakh crore. The sector has grown at an average rate of 11 percent during last four years. It contributes 40 % to industrial production and 6% to GDP. The SME sector in India largely falls under unregistered segment category due to the small size of the units. Manufacturing segment dominates most of the SME sector in terms of number of enterprises. Partnership is the most common form of organization in small and medium enterprises with a small section of the business units opting for registering as private company. Although, government has taken several measures for the growth and development of SME sector, but still the sector faces difficulties in growing big and in meeting competition at the global level. The sector enjoys considerable government benefits with well focus and thrust being routed to the sector which is seen as an important contributor to the economic growth and significant factor in nurturing entrepreneurial talent in the country. About Us Vijya Research & Advisory is a consulting firm based in India dealing with diverse aspects of doing business. We specialize in economy, business and market research aimed at bridging the information gap and facilitates fact-based intelligent decision making. We serve varied research needs with our hands on knowledge on India markets. We serve reputed institutions and corporate bodies with its specialised and hands on knowledge on India as we continuously monitor the erratic movements in the second fastest growing economy of the world. One of our recent initiatives is to create a comprehensive data pool on the Indian economy. kapsole.com is a dedicated research portal to provide access to exhaustive information on the Indian economy. Kapsole integrates and redesigns million of different data points to provide the portal visitors with updated information from reliable sources. In order to know more about our research services, please visit http://www.kapsole.com You may contact us at research@kapsole.com # # # Vijya Research & Advisory is a consulting firm based in India dealing with diverse aspects of doing business. We specialize in economy, business and market research aimed at bridging the information gap and facilitates fact-based intelligent decision making. We serve varied research needs with our hands on knowledge on India markets. We serve reputed institutions and corporate bodies with its specialised and hands on knowledge on India as we continuously monitor the erratic movements in the second fastest growing economy of the world. One of our recent initiatives is to create a comprehensive data pool on the Indian economy. kapsole.com is a dedicated research portal to provide access to exhaustive information on the Indian economy. In order to know more about our research services, please visit http://www.kapsole.com You may contact us at research@kapsole.com End
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