Analysing Trends of Registered MSMEs Landscape in India

Abstract

The MSME (Micro Small and Medium Enterprises) sector in India plays a major role in contributing to the economic growth and society of the country, by encouraging entrepreneurship development and creating many employments in both rural and urban areas at comparatively lower capital costs next only to agriculture. The purpose of this paper is to conduct a significant trend analysis of the total number of units, total employment, total investment and total production of registered MSMEs in India. The study is based on quantitative data and the required data has been collected from different secondary sources of MSME. The data were analysed with the help of basic and easily understood, mathematical and statistical tools like growth rate and percentage, it is illustrated through tables, charts and graphs. The result shows that the working MSME units, employment, investment and production have shown a stable upward trend. However, the trend also suggests the need for supportive policies about infrastructure, innovation and access to finance to sustain.