Trends in the Organized Industrial Sector of Jammu and Kashmir: A Decadal Analysis

Purpose This will not be an overstatement to state that the micro, small and medium enterprise (MSME) industry is crucial and the vital driver of the world economy. It covers different fields and dimensions such as defense products, electrical components and low-cost products. The sector plays a vital role in rendering work with low capital expenditure and is one of the emerging pillars of the Indian economy. Given the significance of this sector in contributing towards India's gross domestic product (GDP), it becomes appropriate to resolve all the issues related to MSME on a primary basis for ensuring required support. The recent global pandemic of COVID-19 has impacted this sector to a great extent. This research study targets the MSME industry and points out the directly linked enablers adding to improve the sector's resiliency and sustainability. Therefore, identification and the interrelationship between the MSME enablers need to be studied, which helps make a preliminary list that deals with their impedance benefaction towards resiliency increment. Design/methodology/approach The writers have done a comprehensive literature analysis of the enablers for the MSME sector to enable effectively and efficiently during emergencies and pandemics. An endeavor has been made on the enablers to order them by utilizing the modified Total Interpretative Structure Modelling (m-TISM) technique. Authentication of this research work highlights the significance of enablers and their position in a hierarchical structure. Further, MICMAC investigation on the recognized enablers is performed to arrange them in the four quadrants on their dependence and driving power. Findings The authors have attempted to predict the significance of the MSME sector and its essential contribution to the development of India's economy. The result of m-TISM in the current research work revealed the essential commitment of a hierarchical design dealing with the MSME considering the viewpoint of future development. The well-planned traditional design in the MSME helps establish better government policies and programs and transport infrastructure. Research limitations/implications Every research study has a few restrictions. Likewise, the boundaries of the current study are that inputs collated for fostering the models are from a few specialists that may not mirror the assessment of the whole MSME sector. Practical implications The MSME sector is the developing sector in the current day, and it is needed to keep supporting the sector for the country's development. The current study has set out the functional establishment to improve MSME practicality. In addition, the research highlights the accountability of the MSME authorities to go with the identified enablers having solid driving power for successful usage of the available resources. This will help the MSME development and add value to practitioners and policymakers in the future. Originality/value The growth of this sector is essential for the development of the economy and the development of a nation. The current study presents a unique structure that gives a superior comprehension of the enablers. It will help play a crucial role in developing the MSME area. The structure model developed with the assistance of m-TISM and MICMAC examine the identified enablers with inputs from experts in the field. The hierarchy developed from the study recognized the enablers located on their commitment of suitability development of the MSME field.

The Micro, Small and Medium enterprises (MSMEs) today constitute a very important segment of the Indian economy. The growth of this sector came about largely due to the vision of Government policies framed right after Indian Independence. MSME sector has emerged as an energetic and vibrant sector of the economy. As per the fourth census of MSMEs report published in 2012, the total numbers of MSMEs in India are 36 million employing over 80 million people. It is the second largest employer after agriculture accounting for 72% services and 28% manufacturing jobs. It also accounts for 45 % of total industrial production, 40% of total exports and contributes very significantly to the GDP. Manufacturing segment within the MSME contributes to 7.09% of GDP. The benefits of MSMEs have created a special status and importance in the Five-Year Plans right from its inception. In recent years, the MSME sector has consistent higher growth rate compared to the overall industrial sector. Despite its commendable contribution to the country's economy, MSME Sector is not getting the required support and faces numerous dilemmas. This is a research paper which aims at developing a framework taking into account efficient demand marketing and innovation strategy performances. The paper also presents the results of the pilot study undertaken.

This study aims This study aims to examine how labor absorption in the Micro, Small, and Medium Enterprises (MSME) sector in West Java Province is influenced by Gross Regional Domestic Product (GRDP), Average Years of Schooling (AYS), and the Regency/City Minimum Wage (RCMW) between 2018 and 2022. A multiple regression analysis was employed as the quantitative method of analysis in this research.The findings reveal that the RCMW significantly enhances labor absorption in the MSME sector. Although some MSMEs face challenges in adjusting to the rising wage costs, the increase in minimum wages ultimately benefits workers’ welfare and makes the MSME sector more attractive to employers. Moreover, AYS also has a significant positive impact on labor absorption. Higher education levels among the workforce contribute to improved productivity and enable MSMEs to expand their staff capacity.In contrast, GRDP demonstrates a significant negative impact on labor absorption in the MSME sector. The growth in regional income, predominantly driven by large-scale industrial sectors, tends to favor capital-intensive industries over labor-intensive MSMEs.This study underscores the importance of inclusive policies to support MSMEs. These policies may include adjusting minimum wages in alignment with the region’s economic capacity, expanding access to education and training programs, and enhancing MSMEs’ capacity development. In doing so, the MSME sector is expected to grow sustainably, increase labor absorption, and make a substantial contribution to the economy of West Java Province.

Globally, the impact of Covid-19 has destructed business supply chains, dropped commodity prices, and increased the risk of global economic. Domestically in Indonesia, the impact of Covid -19 caused business closing, travel banning and reduction in discretionary spending. On September 2020, Bisnis Liputan6 highlighted Micro, Small and Medium Enterprises (MSMEs) as one of the main drivers of the economy in Indonesia (Liputan6.com, 2020). If the MSMEs sector is disrupted, the national economy will be also affected. Thus, this indicates the need for MSMEs to continue its operation. Suci (2017) emphasises the ability of MSMEs to survive during the crisis period of 1997-1998. The MSMEs were able to create millions of jobs until 2012. During the Corona Covid-19 pandemic, the MSME sector was most affected. Many of these entrepreneurs had to go out of business because demand fell. This study aims to identify MSMEs’ survival strategy and business performance during Covid-19 in Surabaya, East Java Indonesia. This research is a quantitative approach.The data were collected using questionnaire survey. The population and sample in this study were MSMEs in Surabaya. Results indicate MSME believe that future online business is growing. The results also suggest MSMEs must adapt and take advantage of technology and product and services innovation. MSMEs business strategy during a pandemic is to maintain existing market share. Overall results show that the survival strategies have effect on business performance.

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a extremely vivacious and dynamic sector of the Indian economy over the last five centuries. It subsidizes significantly in the economic and social development of the country by nurturing entrepreneurship and creating large employment openings at comparatively lower capital cost, next only to agriculture. In India, the MSME sector is highly heterogeneous and is involved in a extensive range of occupational activities. The MSME sector has to continue as an engine of growth provided an environment-friendly policy framework and enabling infrastructural support are made available for its functional operations. Our Indian MSMEs are having a great opportunity to contribute more for the country’s economic growth and government has got a great role in creating an absolute supporting ecosystem to gain the competitive advantage. The present study covers micro small medium enterprises pre and post globalization era. It also examines the number of MSMEs units, production, employment opportunities and export of MSME in the pre and post globalization period. The study is also important factors influencing to start the MSMEs. Also this study majorly focused on micro, small and medium enterprises located in industrial areas of Bihar state.. Various manufacturers, service providers, start-ups from the agriculture based, yarn textiles, Leather based, metal based, repair and services etc., and were interviewed as a part of the study. Simple random method was adopted from probability sampling method. Both primary and secondary data was collected for the study. There are huge openings for the MSMEs to grow as ancillary industries to unleash superior industrial growth. Development of the sector.

The Micro, Small and Medium Enterprises (MSME) are crucial for the economic development of any country and play a pivotal role specifically for developing countries as they regulate economic activity and generate employment thus significantly contribute in poverty reduction. After agriculture, this sector is the second largest employer in India. Indian MSME sector has emerged as dynamic and highly vibrant sector of the economy. MSME, not only play significant role in generating large employment by investing less capital as compared to large industries but also help to develop non-farm sector by increasing industrialization in rural areas. The sector acts as the instrument of inclusive growth empowering the most vulnerable and marginalized groups. The main objectives of the paper are to explore the growth in the number of MSME units, GDP contribution, employment and exports of Indian MSME sector, to analyse the relationship between growth of MSME sector and fulfilment of Sustainable Development Goals (SDGs) 2030, to see the contribution of MSME sector in creating green jobs in India and to highlight the problems of MSME sector. This paper is based on the secondary data extracted from various reports and research papers related to MSME. The time period from 2006-07 to 2016-17 has been taken into consideration. MSME sector is the significant contributor in GDP, employment generation, total exports, achieving SDGs and green development which in turn act as backbone of the Indian economy. Keywords : Micro, Small and Medium Enterprises; Green Jobs; Sustainable Development Goals; Economic Development; Inclusive Growth JEL Classifications: O120; Q560; Q01; O100; O400 DOI: https://doi.org/10.32479/ijefi.10459

According to Hon’ble Prime Minister, Narendra Modi, “Skill Development of the new generation is a national need and is the foundation of Aatmnirbhar Bharat.”
 MSMEs are known as the backbone of the Indian economy; which employs nearly 11 Cr. of people and contributes over 30% of the nation's GDP and industrial output. To guarantee that MSMEs receive all of the benefits of these MSME schemes on proper time, the Indian government has taken the initiative. Micro, Small, and Medium Enterprises (MSMEs) are essential to India's economic development and expansion. This sector makes a specific contribution to exports, industrial output, employment creation, driving innovation, and inclusive socioeconomic development. To encourage the expansion and sustainability of MSMEs throughout the nation, the Indian government has put in place several policies and initiatives. Nonetheless, MSMEs have numerous obstacles concerning official credit, creating jobs, selling directly to the government, high-quality manufacturing, obtaining microcredit, ignorance, and other issues. To help new firms get off the ground, the government has already established several programs to address these difficulties. But, due to a lack of knowledge regarding various appropriate schemes, many units are not getting proper advantages. MSMEs have still several challenges and barriers when attempting to obtain financing from banks and other financial establishments. Even though the government has already taken great steps to facilitate credit flow to this industry, much more work needs to be done to fulfil the MSME sector's actual financing needs. The MSME sector in India has a bright future since it creates more job possibilities, and aids in the government's efforts to reduce other macroeconomic issues including inflation, massive budget deficits, poverty, and imbalance of payments.
 The present study confers the government initiatives for the MSME sector & the implementation & progress of important schemes in the present scenario.

The MSMEs have established an important fragment of the Indian economy as far as its contribution to the nation’s industrial production, exports, employment and creation of a consumerist base. The government built up the service of Small Scale Industries and Agro and Rural Industries (SSI & ART) in October 1999 as the nodal service for the formulation of arrangements and programs, their accomplishment and related coordination, to supplement the endeavors of the states for promotion and development of this class of industries in India. MSME has been acknowledged as the Indian motor of economic development and for promoting evenhanded development. The Micro, Small and Medium Enterprises (MSMEs) are apropos viewed as the foundation of the Indian economy. The little scale part possesses a position of prominence in the Indian economy, adding to over half of the industrial production esteem accumulation terms. The segment represents 33% of the export income and employs the biggest workforce besides agribusiness. MSMEs are recognized as one important constituent of the national economies. The MSMEs ought to be urged to make an economic contribution to the national pay, employment and exports. SMEs territory major employment provider and contributor to GDP, they are troubled with the duty of employing while simultaneously encountering moderate moving development given partitioning horticulture segment and globalization. The MSME comprise over 90% of all out enterprises in the greater part of the economics and are credited with creating the most elevated paces of employment development and record for a significant offer industrial production and exports. In India, the MSMEs assume an indispensable job in the general industrial economy of the nation. It is evaluated that as far as worth, the area represents about 39% of the manufacturing yield and around 33% of the all-out exports of the nation. Further, in recent years the MSME Sector has consistently enrolled higher development pace of contrasted with the general industrial part. Hence, the present study has been focused on highlighting the statistical overview of the competitive performance and progress of Micro, Small and Medium Enterprises (MSMEs) in India.

Small and medium businesses are considered to be one of the most important drivers of economic growth in most economies throughout the world. Micro, Small and Medium Enterprises (MSMEs) are considered to be the main drivers of economic growth in India, and the sector fosters a balanced regional growth. The MSME sector plays a vital role in Uttarakhand’s production, investment and job creation. The sector is helping in mitigating the problem of migration and underutilisation of natural resources. This article focuses on analysing the current status and the problems faced by MSMEs in Uttarakhand. The research also examines the state’s MSMEs before and during the COVID-19 pandemic. The sector faces a new set of issues as a result of COVID-19. The study also looks at government support for the business during the COVID-19 pandemic. An extensive literature survey of different research papers, articles and government reports has been done to identify problems and incentives available to MSME units operating in the state. The current incarnation of the MSME sector in Uttarakhand is investigated using descriptive analysis. The article concludes that despite various incentives the MSME sector is facing various challenges in the state which need to be addressed for smooth functioning of the sector.

Micro, Small and Medium Enterprises (MSME) sector plays a substantial role in the overall economic development and employment generation of a country. The Covid-19 pandemic has impacted adversely, and it is inevitably necessary to consider the influence of the pandemic on MSME, which will assist the policymakers in helping in the repurposing operations of the sector. Because of its size, scale of operations, and availability of financial resources, the MSMEs sector has been one of the most susceptible sectors post-Covid-19. Many academics have explored the constraints to MSMEs' development in the past, but limited research has been done using Total Interpretive Structural Modelling (TISM) technique for the factors impacting MSMEs' repurposing operations during the Covid-19 emergency. This research seeks to "identify," "analyze," and "categorize" the elements impacting MSMEs' repurposing operations during the Covid-19 pandemic. Literature review and experts’ comment from various MSMEs resulted in identification of 7 enablers. The TISM and MICMAC approach was employed in this study. The findings shows that occupational health and safety, logistics, and government rules and regulations are the key factors affecting repurposing operations in MSMEs during the Covid-19 emergency. This research helps the top-executives of MSME to look into the factors affecting repurposing operations in MSMEs during the Covid-19 emergency. This research examines factors affecting repurposing operations in MSMEs during the Covid-19 emergency. It is the first study to analyze the factors affecting the repurposing operations in MSME during the Covid-19 using TISM technique.

In the turbulent Indian economy post liberalisation, the micro, small and medium enterprise (MSME) sector is critical for inclusive growth. Having emphatically established itself as the backbone of our economy, by contributing 37.54% of our GDP and being a key driver of social and economic development, MSME sector is responsible for 45% of the total manufacturing output and 40% of the total exports of the country. In spite of these, this sector is vulnerable. Branding is an important instrument for sustainability of the MSME sector firms. The paper is an attempt to study two broad dimensions of MSME branding, namely, brand sustainability and brand development; and identify the parameters associated with it. The emerged factors relating to brand sustainability and brand development of the MSME sector in Indian context are fundamental to provide a new direction to the MSME sector firms of Indian origin on their quest for sustainability.

After the agricultural sector, micro, small, and medium enterprises (MSME) play a vital role in the development of India. Micro, small, and medium enterprises (MSME) are contributing about 25% of the country's GDP (gross domestic product) from service activities and 33% to the manufacturing amount produced for India. Micro, small, and medium (MSME) entrepreneurs have been highly impacted due to the COVID-19 pandemic lockdown. Due to lockdown, MSME sector who could not export, nor get their ancillary parts, had problems with transportation leading to the inability to do marketing. Most important migrant laborers rushed to their villages or natives. Hence, without labor or workforce, the assembly lines stopped. In this chapter, an attempt is made to identify the challenges of the MSME sector and deal with the efforts often taken to restart them.

Micro, Small, and Medium Enterprises (MSMEs) constitute an important segment of the economy in terms of their contribution to generating employment opportunities, industrial production, creation of an entrepreneurship base, and maintaining an appreciable growth rate. The MSME sector has often been termed the engine of growth for developing economies. In Arunachal Pradesh MSME sector has a huge contribution to the economy in terms of providing employment opportunities, promoting equitable economic growth, decreasing regional disparities, and enhancing export potential. Arunachal Pradesh is a tribal economy, and the contribution of MSME to the economy is quite remarkable. This paper evaluates the current scenario of the MSME sector of Arunachal Pradesh and also attempts to focus on the increase in registered MSMEs in the past five-year period. The study is a review that was conducted with the help of secondary data retrieved from MSME Annual Reports, other government reports, newspapers, and research papers.

Micro, Small, and Medium Enterprises (MSMEs) have a strategic role in supporting economic growth, creating jobs, and improving community welfare. In Bima City, the MSME sector has experienced rapid growth, with the number of business units increasing significantly in recent years. However, despite having great potential, MSMEs in Bima City still face various challenges, such as limited access to capital, lack of use of digital technology, and low competitiveness against products from outside the region.This study aims to analyze the role of the Cooperatives, Industry, and Trade Service (Diskoperindag) of Bima City in empowering MSMEs to improve the sustainability and competitiveness of their businesses. The research method used is a qualitative approach with data collection techniques through interviews, observations, and literature studies. The results of the study show that Diskoperindag of Bima City has various strategic programs in supporting MSMEs, including business management training, digital marketing, product innovation, and facilitation of access to People's Business Credit (KUR) and business certification. In addition, collaboration with financial institutions and product promotion through exhibition events also contribute to expanding the MSME market.However, there are several obstacles in the implementation of the program, such as budget constraints, lack of ongoing assistance, and low awareness of MSME actors regarding the benefits of the available programs. Therefore, it is necessary to increase the effectiveness of the empowerment program through optimizing coordination between the government, business actors, and related stakeholders. In conclusion, the Bima City Trade and Industry Office plays an important role in improving the sustainability of MSMEs, but further efforts are still needed to overcome the challenges faced so that the MSME sector can develop more optimally and be highly competitive

The world over has witnessed the pandemic called Covid-19 over the last 2 years. The unknown before and unanticipated doom has created havoc in an unprecedented manner. The adverse impact of this pandemic is globally recognized and it spread as a contagion affecting trade across nations undesirably. India being second largest populous country is no exception to this adversity. The lock down which is considered as one of the means to contain the spread of this pandemic was implemented in our country since March 2020, however unlock situation is being introduced in a phased manner. Though lock down was effective in containing the spread of pandemic, it was enabling the economy to cripple from progressing. Industries in manufacturing and services sector could not able to sustain lockdown and were pushed to doldrums. Majority of the enterprises suffered huge losses and were on the verge of closure. The MSME (Micro, Small and Medium enterprise) sector has been seriously hit due to this lock down measure. The present article reflects the review of literature surrounding MSMEs spanning from the last 2 years. The literature has been collected from various journal articles, government reports, newspaper articles etc.