CONTRIBUTION OF SMALL AND MEDIUM ENTERPRISES (SMES) TO THE INDIAN ECONOMY: A RESEARCH-BASED ANALYSIS

Abstract

Small and Medium Enterprises (SMEs) are a cornerstone of the Indian economy, contributing significantly to the country’s industrial output, employment, and overall economic development. With over 63 million enterprises spread across diverse sectors such as manufacturing, services, and trade, SMEs play a pivotal role in creating jobs, driving innovation, and fostering entrepreneurship. This research paper delves into the multifaceted contributions of SMEs, highlighting their significant share in India’s Gross Domestic Product (GDP), employment generation, and export performance.