Quick Overview

While India was fortunately saved from the perils of the global economic crisis of September 2008, this Report argues that the reasons for such a resilience need to be analyzed in relation to the MSME role. Based on available evidences, the Report concludes that, the shadow of the 'Confidence Crisis' was least affected in India's MSMEs which, alternatively, implies a new opportunity and responsibility for public policy to engage MSMEs in a more meaningful manner. While on the positive side, the Report highlights India's initiatives for enhancing manufacturing competitiveness, and for promotion of entrepreneurship, it gives warning signals on new developments, such as Indo-ASEAN Trade Agreement, 'shadow entrepreneurship', and the constraints relating to public- private partnership.