Challenges and Issues in Micro, Small and Medium Enterprises (MSMEs) in India: A Current Scenario of Economic Growth

Dr.Gisha.P.Mathai

Volume : IV, Issue : VII, July - 2015

Challenges and Issues in Micro, Small and Medium Enterprises (MSMEs) in India: A Current Scenario of Economic Growth

Dr. Gisha. P. Mathai

Abstract :

In the recent years, a number of emerging issues are posing serious challenges to the micro small and medium sized enterprises (MSME�s) in India. Hence, these enterprises enter the new era, faced with dramatic challenges such as constraints in establishing new enterprises, globalization, financial constraints, indeterminate turnover, low motivation among employees, lack of human capital building etc., Hence understanding the problems and challenges are fundamental solutions to expand and strategize SME�s towards their future growth. This article examines the background and challenges faced by SMEs which play a vital role in the nation�s economic growth. The uniqueness of this paper is the emphasis on the human resource development perspective which is important for the progress SMEs and their competitiveness. This article maps out how future research can be crucial to SME�s to actually develop their own human resource development for future development.