India’s MSMEs in the Era of Hubanomics

Book ID: ISED-223

Book Type: Soft Copy

Description

"We are now in the era of the Fourth Industrial Revolution. The paradigm of Hubanomics has redrawn the SME landscape globally. Against such changes, it is necessary to examine the new challenges and opportunities of the sector from a futuristic point of view. In every democracy, the developmental outcomes are decided by people’s aspirations, to begin with. These aspirations need to be articulated through effective platforms. Institutions are the outcome of these platforms and their initiatives. People’s mandate legitimizes the actions of institutions. Unless public policy, evolved through democratic process, gives the signals, one cannot expect India to realize its aspirations on the MSME front. Analysing the key trends in the MSME scene of India, this paper analyses the policy imperatives as also the growth perspectives."