31. The Size Structure of India’s Enterprises: Not Just the Middle is Missing
- Author:
- Tuhinsubhra Giri and Santosh Mehrotra
- Publication Date:
- 12-2019
- Content Type:
- Working Paper
- Institution:
- Centre for Sustainable Employment, Azim Premji University
- Abstract:
- Most international development economics and industrial organization literature emphasises the importance of SMEs (small and medium enterprises) as important to output, but especially to employment generation. Countries have different definitions for SMEs. In India the MSMEs (micro, small and medium enterprises) are defined in terms of investment in plant and machinery or equipment. The MSME Ministry (Annual Report, Government of India 2017–18) stated that the sector accounts for 45% of the manufacturing output and 40% of the total exports of the country; also that MSMEs accounted for 30.74% of GDP in 2014– 15. Not surprising, MSMEs are considered a driving force of the economy.
- Topic:
- Economics, Labor Issues, Employment, Manufacturing, and Economic Development
- Political Geography:
- India