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Graduation from SSIs to SMEs in India: policies, performance, and challenges

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  • M.H. Bala Subrahmanya

Abstract

This paper examines the salient features of India's SME policy emerged since the promulgation of MSMED Act 2006. Based on these features, which are distinctly different from the policy measures introduced after India's first Industrial Policy Resolution, 1948 till 1991, and after 1991 till 2006, it delineates the major phases in India's SME policy evolution. Against this backdrop, the growth of SMEs from 2006/07 to 2012/13 relative to that of small scale industries from 1990/91 to 2005/06, is evaluated. Finally, the paper identifies the current challenges, and discusses policy imperatives for the development of SMEs and thereby Indian economy.

Suggested Citation

  • M.H. Bala Subrahmanya, 2018. "Graduation from SSIs to SMEs in India: policies, performance, and challenges," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 33(2), pages 241-264.
  • Handle: RePEc:ids:ijesbu:v:33:y:2018:i:2:p:241-264
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    Cited by:

    1. Singh, Rashmeet & Chandrashekar, Deepak & Subrahmanya Mungila Hillemane, Bala & Sukumar, Arun & Jafari-Sadeghi, Vahid, 2022. "Network cooperation and economic performance of SMEs: Direct and mediating impacts of innovation and internationalisation," Journal of Business Research, Elsevier, vol. 148(C), pages 116-130.

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