ENVIRONMENT OF MSMEs' IN RAPID EMERGING ECONOMY: THE CASE OF INDIA

The Micro, Small and Medium sized Enterprise (MSMEs) Sector continue to be a vibrantsector of the Indian economy. This sector contributes nearly 45 per cent of the total industrial productionand accounts for approximately 40 per cent of the total exports. This Micro Small and Medium sector hasevery time making a higher growth rate than the large industries. There are over 6000 products rangingfrom traditional to high-tech items, which are being manufactured by the small enterprises in India. Afteragriculture, this sector provides the highest opportunities for both self-employment and jobs in India.