How the global economic crisis affected the micro, small and medium enterprise sector has not been assessed because of the limitations of the data available, said the recently presented Economic Survey.
The 4th Census of the MSME sector is being launched to create a database to track future growth and development.
Creating an Internet information system will also help MSMEs market goods and services at a domestic and global level, according to the Economic Survey.
SMEs are small businesses, in their early stage of growth. They exercise little or less control over markets. They, during initial years, have to struggle with cash flow management leading to squeezed reserves and labor shortages which implies high wage costs. A rise in inflation...
The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs ...
