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• W2341964321 abstract "The Micro, Small and Medium Enterprise (i.e.MSME) sector is a significant contributor to the Indian economy. Based on official figures from the Ministry of MSME, November 2008, this sector contributes 8% of National GDP, comprises 50% of India's total manufactured exports, 45% of India's total industrial employment and 95% of all industrial units. The MSME sector in India, however, has been changing over time, mostly through changes in government policy. Today there are around 130 lakhs micro and small firms in India. Number of firms in the MSME sector comprises a staggering 95% of all industrial units in India. Together they employ more than 8% of the total Indian labor force of 509 million individuals. This amounts to a significant 41 million people who are currently employed in this sector. The MSME sector is a significant contributor to India's exports amounting to 40% of the total share. It also comprises a lion's share (45%) of the total manufacturing output of the country. This calls us to enquire into a process to evaluvate the performance of MSME of the country. But upon extensive literature search we found no evaluation model to be available at the disposal of researchers and policy makers. They have been largely dependent on fragmented studies. The paper attempts to bridge this research gap by developing a Synthetic Model which is largely qualitative in nature so that it can be used for empirical work in the future after testing its robustness. In the process basic principles of social science research have strictly followed and the geographical boundary is set in India. A drive for diversification of economy through rapid industrialization was, therefore, considered necessary to ameliorate the basic conditions of providing employment to growing population, raising the standard of living of the people, improving the balance of payment situations and attaining self-sufficiency in the economy, besides reducing inter-regional disparities and creating employment opportunities to the surplus workforce over-burdening the agriculture sector. It has been observed that countries are trying very hard to industrialize as far as possible. As Industrialisation via development of Micro, Small and Medium sized industries is the only solution to economic backwardness. However this indiscriminate struggle has resulted into unsteadiness and lopsided regional economic growth. II.MSME SIGNIFICANT CONTRIBUTOR The Micro, Small and Medium Enterprise (i.e.MSME) sector is a significant contributor to the Indian economy. Based on official figures from the Ministry of MSME, November 2008, this sector contributes 8% of National GDP, comprises 50% of India's total manufactured exports, 45% of India's total industrial employment and 95% of all industrial units. The MSME sector in India, however, has been changing over time, mostly through changes in government policy. Today there are around 130 lakhs micro and small firms in India. Number of firms in the MSME sector comprises a staggering 95% of all industrial units in India. Together they employ more than 8% of the total Indian labor force of 509 million individuals. This amounts to a significant 41 million people who are currently employed in this sector. The MSME sector is a significant contributor to India's exports amounting to 40% of the total share. It also comprises a lion's share (45%) of the total manufacturing output of the country. On looking at the decomposition between registered and unregistered units. Of the total, a dominant 86% belong to the unregistered sector. When we take a closer look at the reasons for non- registration of units, we find that 54 percent of all units that were surveyed in the All India Census of SSIs in 2002 cited not aware of such a provision as a reason. The next most common reason is not interested while a smaller proportion yet cited complicated procedures' as a reason for non-registration. This highlights the primary reason for including measures to simplify registration process in the MSME Act of 2006. Registration is voluntary in the SSI sector. Looking at the disaggregated data for registered and unregistered firms, we find that although registered units comprise only 13 percent of the sector but in terms of investment, their share is 59 percent and they contribute close to 56 percent of the total production in the sector. T" @default.
• W2341964321 created "2016-06-24" @default.
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• W2341964321 date "2012-01-01" @default.
• W2341964321 modified "2023-09-27" @default.
• W2341964321 title "Synthetic Model for Evaluation of Micro, Small and Medium Enterprises in India" @default.
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