Helping India's Small and Medium-Sized Enterprises Create Jobs
1. Shilpa Motwani, Student, Ahmedabad University, India
In India, micro, small, and medium-sized businesses
have played an increasingly vital role in the nation's efforts to provide urban
and rural residents with employment opportunities during the last fifty years.
In recent years, small, and intermediate businesses have contributed much
more to the gross domestic product, resulting in the creation of many new
employment possibilities. This study's results provide insight not only on the
current state of job creation in India, but also on the future of job creation
by MSMEs. The results of this study lead the researchers to conclude that
micro, small, and medium-sized enterprises (MSMEs), particularly those located
in rural areas, contributed significantly to the growth of employment
opportunities. In addition, the states of Uttar Pradesh, Gujarat, Rajasthan,
Telangana, Tamil Nadu, and Madhya Pradesh, as well as Karnataka, have each
contributed to the increase of work opportunities. In conclusion, the findings
of this study shed light on crucial issues such as strengthening infrastructure
in rural areas and increasing investment in previously neglected enterprises.
Due to the
considerable contributions it has made to India's overall socioeconomic growth,
the micro, small, and medium-sized company sector has become an integral
element of the Indian economy. The proliferation of medium- and large-sized
businesses in developing nations like India has transformed the landscape of
employment opportunities in general. In reality, tiny and medium-sized firms
confront a variety of obstacles, the most significant of which is a lack of
access to technology and capital, especially in rural regions. This issue is
particularly widespread in regions with low population density. In addition,
colossal investments must be expanded concurrently with the adoption of a Free
Commerce Agreement, which would promote international trade for small and large
businesses and enable the economy to grow from the standpoint of socioeconomic
and equitable development.
The author confirms sole responsibility for the following: study conception and design, data collection, analysis and interpretation of results, and manuscript preparation.
The authors did not receive any specific grants from funding agencies in the public, commercial, or non-profit sectors for the research, authorship, and/or publication of this article.
All authors declare that they have no conflicts of interest.
I thank the following individuals for their expertise and assistance in all aspects of our study and for their help in writing the manuscript. I am also grateful for the insightful comments given by anonymous peer reviewers. Everyone's generosity and expertise have improved this study in myriad ways and saved me from many errors.
Copyright: ©2024 Corresponding Author. This is an open access article distributed under the terms of the Creative Commons Attribution License , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Motwani, Shilpa. “Helping India's Small and Medium-Sized Enterprises Create Jobs.” Scientific Research Journal of Business, Management and Accounting, vol. 1, no. 1, 2022, pp. 1-6, https://isrdo.org/journal/SRJBMA/currentissue/helping-indias-small-and-medium-sized-enterprises-create-jobs
Motwani, S. (2022). Helping India's Small and Medium-Sized Enterprises Create Jobs. Scientific Research Journal of Business, Management and Accounting, 1(1), 1-6. https://isrdo.org/journal/SRJBMA/currentissue/helping-indias-small-and-medium-sized-enterprises-create-jobs
Motwani Shilpa, Helping India's Small and Medium-Sized Enterprises Create Jobs, Scientific Research Journal of Business, Management and Accounting 1, no. 1(2022): 1-6, https://isrdo.org/journal/SRJBMA/currentissue/helping-indias-small-and-medium-sized-enterprises-create-jobs