Volume : IV, Issue : II, February - 2014

Innovation And Indian MSMEs: Emerging Challenges and Opportunities

M. Pramila Devi, Dr. S. Ramachandran

Abstract :

Indian MSMEs are facing tough competition from their global counterparts due to liberalization, change in manufacturing strategies and uncertain market scenario. The article would like to probe the level and context of innovation in the Indian MSMEs and the emerging challenges and opportunities to leverage the innovations for the growth of MSMEs in India. MSMEs primarily need access to new technologies. Apart from poor financial situations, low level of R&D, poor adaptability to changing trade trends, non-availability of technically trained human resources, lack of management skills and access to technological information are some of the reasons that are blocking the growth of MSMEs.

Micro Small and Medium enterprises (MSMEs) have played an important play a role in the growth of the domestic economy for long. As the process of globalisation and liberalisation gathers momentum across the globe, MSMEs are facing tremendous challenges to survive and sustain.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

M.Pramila Devi, Dr. S. Ramachandran Innovation And Indian MSMEs: Emerging Challenges and Opportunities Indian Journal of Applied Research, Vol.IV, Issue. II

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