A Study to Assess The Performance of  Micro, Small and Medium Enterprises  (Msmes) in India with Special Reference  to Tamilnadu

D.HEPZIBAH VINSYAH; JEYASEELI; Dr. E. RAJA JUSTUS

Volume : III, Issue : IV, April - 2014

A Study to Assess The Performance of Micro, Small and Medium Enterprises (Msmes) in India with Special Reference to Tamilnadu

D. Hepzibah Vinsyah, Jeyaseeli, Dr. E. Raja Justus

Abstract :

MSMEs have been globally accepted as an engine of economic growth for promoting equitable development and have emerged as the single most important sector generating employment next only to the agricultural sector. They encompass a heterogeneous group of activities in the manufacturing, services, trade and agro-based businesses sectors. The major advantage of the sector is its employment potential at low capital cost. In India the MSMEs play a pivotal role in recent years, this sector has consistently registered higher growth rates when compared with the overall industrial sector. Tamil Nadu is well ahead in the industrial activities through dispersing industrialization. The State attracts Foreign Direct Investment to strengthen the capital in this sector. Against this background, this paper assess the growth and performance of MSMEs in India with special reference to Tamilnadu on the number of enterprises, exports, investment, employment generated and money value of the production.