Quick Overview

The advances in science and technology have the potential of revolutionising production, ensuring a greater integration of the markets, and of nourishing the supply chains. The impact of this on SMEs belonging to various sub sectors, in the short run and in the long run, is a key concern of policy. The purpose of the following discussion is to examine the evolving techno-economics, on the one hand, and the external constraints, on the other, in shaping the prospects of SMEs globally and in India.