MSMEs Analysis Report
MSMES-CRITICAL FOR ECONOMIC GROWTH
Micro, Small, and Medium Enterprises (MSMEs) play a significant role
as the engine for economic transformation and industrialization for
both developed and developing countries.
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Key benefits include:
Improved income re-distribution (low level capital required)
Increased job creation & skills development (particularly for
youth, women, elderly)
Increased adoption of technology & innovation (competitiveness)
Industrial diversification
Stimulates local economy (demand down the value chain)
Challenges:
Vulnerable to economic shocks
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Stable and supportive policy environment
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Excessive regulation, complex & cumbersome tax process,
Skills acquisition for youth population
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NATIONAL BUREAU OF STATISTICSView entire presentation