MSMEs in India: Sectoral and Subsectoral Strategies

Book ID: ISED-227

Book Type: Soft Copy

Description

"A proper understanding of business demography is a sine qua non for development of meaningful enterprise development The industrial and enterprise development strategies during the economic reforms era has been marked by a progressive focus on value chains and inter- sectoral linkages. However, there is no doubt that, in order to remain sustainable, innovation is the way forward. In this context, public policy need to show the way of having the right mix of individual efficiency and collective efficiency strategies. A subsector approach is a useful analytical and operational approach that can guide both policy and practice. Based on their broad features, one can distinguish four subsector categories among MSMEs in India: legacy subsectors, manufacturing subsectors, New Economy subsectors, and triple bottom line subsectors. These subsectors have their specific role and relevance in the national and regional economy. The task of public policy and strategy is to identify their specificities, and to develop action programmes accordingly."