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All Journal International Journal of Small and Medium Enterprises and Business Sustainability
Himachalam Dasaraju
Sri Venkateswara University Tirupati, India
Economics, Econometrics & Finance

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Daunting Problems of Micro, Small, and Medium Enterprises (MSMEs) in India: An Entrepreneurial Perception Kishore Somalaraju; Himachalam Dasaraju
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 5 No. 2 (2020): July
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v5i2.20511

Abstract

This paper purports to review the importance, progress, and major issues being faced by micro, small, and medium enterprises (MSMEs) and the perception of entrepreneurs based on empirical study. It has been recognized as an engine of economic growth and lifeline of the Indian economy owing to its inherent features of potential for huge employment generation, lower investment, low cost of capital, economic stimulation, empowerment and wellbeing of rural people. The Government has taken several measures to promote MSMEs by starting various flagship programs and initiatives. Besides the promotional measures of the Government, the MSMEs sector is not free from problems due to various reasons. Hence, it calls for an empirical study to probe into various problems being confronted by the entrepreneurs and their perception. The study adopted an empirical survey method with 296 sample entrepreneurs. The primary data are used mainly for analyzing the problems in different aspects namely financial, operational, infrastructural, labour, marketing, and raw material problems and the perceptions of sample entrepreneurs in Chittoor District of Andhra Pradesh. The study observed that apart from the usual problems as mentioned earlier, this sector is suffering from the inability to adopt new technology, global competitiveness, and access to global markets, which are dire need of the day to be addressed. The present global Covid-19 pandemic lockdown for more than 2 months has disrupted the functioning of MSMEs very badly and it requires robust policy measure to bring back into normalcy
MSMEs in Developing Economies and Their Role in Achieving Sustainable Development Goals in the Context of Covid19: A Theoretical Exposition Himachalam Dasaraju; Kishore Somalaraju; Sreenivasa Murthy Kota
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 5 No. 2 (2020): July
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v5i2.20515

Abstract

The present paper aims to review the importance, progress and the role of micro, small, and medium enterprises (MSMEs) in achieving the Sustainable Development Goals (SDGs) in the developing economies in the wake of Covid-19. It analyzed theoretically in the context of Indian MSMEs. The vital contribution of MSMEs to broader social-economic objectives, including job creation and poverty alleviation makes them a key priority area for achieving the SDGs. It gained a lot of importance in achieving SDGs in the developed economies in general and in developing economies, in particular, owing to its inherent characteristics of inclusive growth and sustainable development. The employment generation through MSMEs will often directly benefit the poor and vulnerable, particularly women and youth, thereby directly reducing poverty, increasing economic status, and reduce the severity of hungry. Further, it leads to nurturing entrepreneurship, which is an engine of inclusive growth and stimulus for economic prosperity and empowering people. All the developing economies including India has taken several measures to promote MSMEs by starting various flagship programs and initiatives. Apart from the various governmental measures initiated globally, the MSMEs sector is not free from myriad problems and it requires more stimulus to strengthen it further. As the present global Covid-19 pandemic lockdown has disrupted badly the functioning of MSMEs, it is the dire need of the day to promote this sector and make it viable to access to the new technology, market competitiveness, and global markets, to play an active and vital role in achieving SDGs by 2030 as per UN targets
Co-Authors Kishore Somalaraju Kishore Somalaraju Sreenivasa Murthy Kota