Review & an Analytical on MSME’s Exports Enhancing Economic Development in India | Original Article

ABSTRACT:

Indian industries such as food handling, agricultural inputs, chemicals and pharmaceuticals, engineering such as electronics and electrical, textiles and garments, leather and leather goods, meat products, bio-engineering, sports goods, plastic products, computer software, etc, are considered to be vital members within the supply chain widely spread across all the major sectors in India. Spread over 400 SME clusters and nearby 2000 artisan clusters industries have created a positive base for the advancement of inter-firm cooperation to encourage local production, innovation and co-operative learning. Out of total exports, SME’s in India contributes to 60 of the industrial production. This paper is based on growing export attractiveness of Indian MSMEs with an objective to exploring the export performance factors, challenges and constraints associated with export of MSMEs. Growth of MSME takes into consideration role of the government, private sector and international sector so as to boost exports. There is still potential to rise Indian share in global small sector exports which is conquered by emerging economies like China, Korea, Taiwan, etc. only by focusing on increasing SME’s Export.