RECENT DEVELOPMENTS AND PERFORMANCE METRICS OF MICRO SMALL AND MEDIUM ENTERPRISES IN INDIA
MSME sector has glittered has as a highly energetic sector and this contributes significant impact to the economic, social, and also collective industrial progressive in the country. The MSME unit strengthens their area on various sectors of the financial system which supports stronger economy in the nation, manufacturing multiple commodities and services to fill the gap in the national and international markets requirements. This paper shows the current position of the MSME sector and its performance. Secondary data were drawn from the yearly report 2020-2021 published by the Ministry of MSME. The study also examine the estimated number of MSMEs, enterprise distribution, ownership type, gender-wise and social category-wise, employment in the MSME sector, pattern in the number of enterprises and value of assets in the market. This articles concludes with the role of MSMEs are highly remarkable in the modern era and they become a tool for industrial development in the country.
Entrepreneurship, MSME, Performance, Rural development