Quick Overview

The specific country experiences of SME policy are crucial in the modern world. The case for SME development is inter-twined by the politics and economics of development. In India, the case has been strongly grounded on the history of the ‘Freedom Movement’, on the one hand, and the need to provide livelihoods to millions of poor people. While this historical ground is common in many developing and emerging economies, the rapid changes in technology, trade, and economic structure, at the global level, has important implications for policy making in individual countries. However, a cross examination of such comparative experiences is likely to be rewarding for India. Likewise, India’s experience is likely to be useful for other developing countries as well. It is such comparative learning that provides the base for greater collaboration among countries.