India has a significant Micro and Small Enterprise (SMEs) sector that plays an important role in the growth of our economy, contributing around 39 per cent to the manufacturing output and 33 per cent to the exports in 2004-05. Initially…
Growth of MSEs in India
The growth of MSEs is significant in India. The MSEs are continuously increasing in India but in a slow rate. According to the results of the Third All India Census of MSEs with reference year 1995-96, the registered MSEs are…
Development measures for MSEs in India
Micro, small and medium businesses are playing a very important role in the overall economic growth in India. MSEs are contributing 8% of the GDP, 40% of the industrial production and 45% of the total exports, direct as well as…
How To Find If A Firm Is Micro Enterprise In India
According to the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, the Micro, Small, and Medium enterprises are classified into two categories: Manufacturing enterprises Service enterprises Manufacturing enterprises As defined by MSMED, any enterprise that is into production or…
SMBs in India Becoming More Concerned About IT Security
There are many Small and Medium businesses in India that operate on critical information from their clients in outside countries as a part of outsourcing. The main reason is of course the availability of highly proficient people at lower wages.…