Role of SMEs in India | SMEs in India
Role of SMEs in India SMEs play a vital role in the growth of an Indian economy due to their major contribution to the country’s socio-economic development. It helps to generate many employment opportunities. Plus, it also balances the development of the nation’s backward and rural areas simultaneously. The number of SMEs in India comes out to be 42.50 million including both registered & unregistered ones. Around 95% of the industrial units in India employs about 40% of India's workforce. The small and medium enterprises in India have taken India to peak point by fulfilling the requirements of flexible operations, low investment, and the capability to develop the right native technology. Ideal Features of SMEs ● Small Medium Enterprise Examples show that they work for the welfare of both artisans and workers. The small medium enterprises help them by offering new employment, and loans opportunities. ● The small and medium enterprises in India