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

Authors: M.H. Bala Subrahmanya

Addresses: Department of Management Studies, Indian Institute of Science, Bangalore-560012, India

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.

Keywords: small scale industry; SSI; small and medium enterprises; SMEs; policy; performance; challenges; protection; competitiveness; liberalisation; India.

DOI: 10.1504/IJESB.2018.090137

International Journal of Entrepreneurship and Small Business, 2018 Vol.33 No.2, pp.241 - 264

Received: 16 Dec 2015
Accepted: 10 Feb 2016
Published online: 01 Mar 2018 *

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