Abstract
This study aims to identify and analyse the main barriers of innovative performance of Indian MSMEs through empirical analysis. The barriers to innovation make the innovation process difficult, which further influences its performance. Data from Indian National Innovation Survey (INIS) (2014) conducted by the National Science and Technology Management Information System (NSTMIS) Division of Department of Science and Technology (DST), Ministry of Science and Technology, Government of India was used for this evaluation. In INIS, dynamics of innovation and knowledge is captured through innovation indicators. The methods used in this study are descriptive statistics, correlation and regression. The results provide the significance of each barrier in innovation process. More than this study finds correlation between these barriers and innovation potentiality of firms. The analysis suggests that there are many barriers which influence the innovation potential of Indian MSMEs. The most important barriers identified are - high finance and apparent uncertainties in market. This study also shows that most of the barriers co-exist in the firms and highly dependent on each other.
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