Leading Issues in MSME Policy & Practice

Book ID: ISED-224

Book Type: Soft Copy

Description

"While the MSME constituency has created substantial institutional structures over time, many of these institutions have outlived their purpose and relevance. While it is important that many such institutions have to reinvent themselves, there is a general lethargy in governance, that often is not conducive to such changes. In such a context, it is the strength, dynamism, and vibrancy of public policy that helps necessary restructuring for the common good. India does not have a strong labour market policy. Naturally, the country cannot visualise an objective picture of its human resources at any point of time. Such a clarity would, naturally, provide both market signals and policy clarity. The public policy architecture in India so far, has been built around the so-called ‘Committee System’, which, structurally, has a built-in ad hocism. Unless this architecture undergoes a major change in favour of a system of evidence based policy making, the contribution of public policy to enterprise development in the country is likely to remain constrained."