MSMEs In India Research Articles

Examining Critical Success Factors of Cloud Computing Adoption

The objective of this article is to identify the critical success factors of cloud computing adoption through the integration of AHP-Structural Mediation Model in MSMEs in India. The article is a mixed method research which includes both qualitative and quantitative study. The analytical hierarchical process (AHP) is a process of ranking the critical success factors based upon the priority and in our study, we have taken nine factors that affect business performance. Then these nine factors are employed to construct a conceptual model to check the final mediation effect of the factors (full and partial mediation) on business performance. The findings in AHP show Trust (T) is having lowest priority and perceived IT security risk (PITR) has the third priority. The structural mediation model shows that trust and PITR do not have any mediation effect on business performance. Rarely any study has integrated AHP and structural mediation to check the importance of critical success factors for Cloud computing adoption in business performance.

Factors Adversely Affecting the Usage of Digital Banking by MSMEs in India (A Case Study of Katihar District in Bihar)

Factors Adversely Affecting the Usage of Digital Banking by MSMEs in India (A Case Study of Katihar District in Bihar)

Model-Selection Inference for Causal Impact of Clusters and Collaboration on MSMEs in India

Do agglomeration-based spillovers impact firms more than the technical know-how obtained through inter-firm collaboration? Quantifying the effect of these treatments on firm performance can be valuable for policy-makers as well as managers/entrepreneurs. I observe the universe of Indian MSMEs inside an industrial cluster but with no collaboration (Treatment Group 1), those in collaboration with other firms for technical know-how but outside a cluster (Treatment Group 2) and those outside cluster with no collaboration (Control Group). Selection of firms into these treatments and subsequent performance of the firm may be simultaneously driven by observable factors. To address selection bias and overcome model misspecification, I use two data-driven, model-selection methods, developed in Belloni et al. (2013) and Chernozhukov et al. (2015), to estimate causal impact of the treatments on GVA of firms. The results suggest that ATE of cluster and collaboration is nearly equal at 30%. I conclude by offering policy implications of the results.

An Empirical Study on the Msmes in India in the Contemporary Era – With Special Focus on the Constraints and Opportunities

Micro, Small and Medium Enterprises accept a basic function in the financial and social improvement of the country. It additionally accepts a key function in the development of the economy with its ground-breaking, beneficial, versatile and inventive creative soul. MSMEs contribute 45% in the mechanical yield, 40% of tolls, using 60 million people, make 1.3 million occupations consistently. The essentialness of MSMEs and its different economic commitment like work age developing new business enterprise offering volume to the business base and commitment to public yield and passages of our country was recognized. They contribute in GDP and GNP of India. It goes probably as a raising ground for business individuals to create from little to gigantic. MSMESector are growing immensely in India. MSMEs are huge in the financial development of India anyway this division isn’t getting sufficient assistance from the concerned Government Departments, banks, cash related establishments and corporate. Before long, the Indian MSMEs are facing different sorts of issues. If the Government, Bank and Economic Institutions will take genuine exercises in the region of MSME and they will contribute wholeheartedly while updating the MSMEs, these troubles can be handled and the money related development movement of India will be 8-10% for the next many years. At this moment, there are More than 50 million SMEs exist in our country India. The SME division has developed competently by contributing 40% of the nation’s charges and delivering an extraordinary many occupations consistently. The SME division has agreat deal of potential for development in the coming quite a while with respect to spearheading soul, advancement and occupation creation in the country. Regardless, the SME division has been fighting an aftereffect of the heaviness of troubles. It is being the motivation factor to do a research study on the constraints and opportunities of MSMEs in India. And the study is an empirical based study and secondary sources oriented.

Barrier analysis of supply chain finance adoption in manufacturing companies

PurposeCompanies all over the world have recently started to adopt supply chain finance (SCF) solutions in their supply chains to reduce the payment defaults and simplify the bill settlement process. The purpose of this paper is to identify and prioritize the barriers to adopting SCF in micro, small and medium enterprises.Design/methodology/approachIt employs a three-phase methodology to identify and prioritize the essential barriers to the implementation of SCF. An extensive survey has been carried out in 101 Indian MSMEs in India which identified 37 barriers under six heads in the first phase. Experts’ interview using the Delphi technique has been carried out in the second phase to finalize the barriers. The analytic hierarchy process methodology, with sensitivity analysis for validation, is used in the final stage to prioritize and rank the barriers.FindingsResults show that financial and information technology barriers are prominent in SCF adoption followed by financial challenges. Among specific barriers, the disclosure of sensitive company information to competitor barrier acts as an essential barrier followed by poor technological capability of MSMEs.Research limitations/implicationsThe study is limited to SCF adoption of MSMEs in a developing nation. Extensive research is required in order to derive a global trend.Practical implicationsThe current research contributes to the stakeholder theory and transaction cost economics. Observations made in the current research can encourage organizations to incorporate stakeholders’ concerns into the adoption of SCF solutions. The study provides a more in-depth view of such challenges and a benchmark, which will help companies to adopt SCF solutions more effortlessly. Moreover, policy makers across the world can explore these serious issues and amend or introduce new policies to facilitate companies’ implementation of supply chain financial solutions.Originality/valueTo the best of the authors’ knowledge, this is the first study which identified and prioritized SCF adoption barriers of MSMEs in a developing nation. This study is also novel in adopting a hybrid analytical hierarchy process-sensitivity analysis for ranking the SCF barriers in an MSME context. SCF studies often emphasize only on the reverse factoring aspect of SCF. The current study considers many innovative aspects of SCF, such as pre-shipment financing, dynamic discounting, inventory financing, collaborative logistics, etc.

An Empirical Study on Changing Face of MSME Towards Emerging Economies in India

In India, MSMEs have a pivotal role to play in the overall growth of industrial economy. In recent years, the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. In India MSMEs contribute nearly 45% to manufacturing and about 40% to the Indian export sector. Their contribution to the Indian GDP is 8% and the sector has registered growth rate of 10.8%. Indian MSMEs have moved up the value chain from manufacture of simple goods to manufacture of sophisticated products. In line with the overall growth in Indian economy, SMEs have entered the services sector as well. Associated with this high growth rates, MSMEs in India are also facing a number of problems like sub-optimal scale of operation, technological obsolescence, supply chain inefficiencies, increasing domestic and global competition, fund shortages, change in manufacturing strategies and turbulent and uncertain market scenario. To survive with such issues and compete with large and global enterprises, MSMEs need to adopt innovative approaches in their working. Innovation could be on multiple parameters like business processes, product/ service development, technology, handling external environment to compete with large enterprises globally. Clustering and networking approach adopted by Government of India and State Governments for development of MSMEs has helped these enterprises in boosting their competitiveness. Indian SMEs are also implementing new and innovative information and communication technologies on a large scale like Software as a Service (SaaS) and Infrastructure as a Service (IaaS). This paper focuses on changing face of MSME in India and the opportunity that offers in the context to industrial growth.

Performance of MSMEs in India: A Review

Performance of MSMEs in India: A Review

Growth Prospects for MSMEs in India with Reference to Industry: 4.0

Growth Prospects for MSMEs in India with Reference to Industry: 4.0

A study on the growth and evaluation of MSMEs in India

A study on the growth and evaluation of MSMEs in India

Development of Equity Capital Market for MSMEs in India: An Econometrics Perspective

Development of Equity Capital Market for MSMEs in India: An Econometrics Perspective

Challenges in Raising Credit: A Study of MSMEs in Punjab Region

MSMEs in India have emerged as a dynamic sector of economy over years as it plays a crucial role in providing large employment opportunities and industrialization of rural areas. This sector is a major contributor of country’s socio-economic development. Despite of this sector’s inherent capabilities, MSMEs in India are facing number of problems and raising credit has become their major problem. This study examines various sources of finance that can be used by MSMEs and the obstacles faced by MSMEs in raising finance from such sources. For the purpose of this study, sample of 100 respondents from major cities of Punjab (Amritsar, Jalandhar, Ludhiana, Patiala and Mohali) was interviewed with the help of structured questionnaire. While descriptive analysis was used to identify the common sources for raising capital, factor analysis was used to reduce as well as to identify the major obstacles faced by MSMEs in raising credit. The study indicated bank as most commonly used source of finance over other sources and bureaucratic loan procedure, poor past records and performance of the firm, behavior of bank employees and high cost of financing as the major obstacles faced by MSMEs in raising finance.

Unleashing The Growth Potential Of Indian MSME Sector

The MSME sector occupies a position of strategic significance in the Indian economic structure. This sector contributes nearly eight per cent to country’s GDP, employing over 80 million people in nearly 36 million widely-dispersed enterprises across the country; accounting for 45 per cent of manufactured output, 40 per cent of the country’s total export, and producing more than 8000 valueadded products ranging from traditional to high-tech. Furthermore, these enterprises are the nurseries for innovation and entrepreneurship, which will be key to the future growth of India. It is also an acknowledged fact that this sector can help realise the target of the proposed National Manufacturing Policy to enhance the share of manufacturing in GDP to 25 per cent and to create 100 million jobs by the end of 2022, as well as to foster growth and take India from its present two trillion dollar economy to a 20 trillion dollar economy. Despite the sector’s high enthusiasm and inherent capabilities to grow, its growth story still faces a number of challenges. In this light, the present paper examines the role of Indian MSMEs in India’s economic growth and explores various problems faced by the sector. The paper also attempts to discuss various policy measures undertaken by the Government to strengthen Indian MSMEs. Finally, the paper proposes strategies aimed at strengthening the sector to enable it to unleash its growth potential and help make India a 20 trillion dollar economy.

Vigorous attempts to Boost and buoying up MSMEs in India

Vigorous attempts to Boost and buoying up MSMEs in India

Evolved factors affecting the cloud computing adoption by MSMEs in India

Cloud computing has become one of the most coveted social-mobile-analytics-cloud (SMAC) variables as per the recent trends analysis by most of the consulting firms. In the view of this trend, several literatures were reviewed to find out the different factors which affect the cloud computing adoption by MSMEs in References were drawn not only on Indian context but from countries with similar demographic and economic profiles. After an elaborate review, many such variables were identified. An initial market survey in the Indian context gave insights to club several such variables into 'clubbed variables' representing the same theme. There were 16 such clubbed variables. After that, a primary research survey was done among professionals across 33 organisations and institutions to find out their perception regarding the variables. Then cluster analysis was done on the collected data points to get similar clusters. The dissimilar clusters were removed and similar ones were clubbed and a factor analysis was done on the clubbed cluster. This resulted in the formation of evolved factors affecting the adoption of cloud computing by the MSMEs in India.

Evolved factors affecting the cloud computing adoption by MSMEs in India

Evolved factors affecting the cloud computing adoption by MSMEs in India

Enhancing competitiveness of MSMEs in India through their integration in global supply chain: A study of challenges faced by firms in Gurgaon auto – component cluster

Enhancing competitiveness of MSMEs in India through their integration in global supply chain: A study of challenges faced by firms in Gurgaon auto – component cluster

MSME and Role of Government in MSME Development

The study deals with identifying the different schemes offered under MSME by Govt. of India, and amount of financial support provided and performance is studied over the period of 5 years. Despite constituting more than 80 % of the total number of industrial enterprises and supporting industrial development in the country, MSMEs in India suffer from the problems of financial support from the Govt, which has resulted in overall MSME growth of just 10 to 15 percent over the last 5 years. There is a need for more allocation of funds for MSME development which can increase in employment generational especially at village level and can accelerate overall GDP growth.

Corporate Social Responsibilty Practices in MSMEs in India

The setup and flourishment of Micro Small and Medium Enterprises is a resourceful input leading to the rapid development of economic and social prospects. MSMEs are the medicines which Indian Economy needs at this moment. CSR activities can help to a great extent in improving the survival rate of MSMEs and may offer more opportunities for business competitiveness, nationally and internationally. CSR helps to create and develop entrepreneurial foundation of the nation by supporting the enterprises through supply of raw materials and a range of components required for production or manufacturing. The main aim of this research paper is to examine the role of CSR activities in the betterment of MSMEs. Another motive is to examine the impact of strategies of CSR on expansion of MSMEs in INDIA. This paper gives evidences that CSR activities are not only helping the Big Companies but also small enterprises by creating competitiveness amongst MSMEs.

Critical Analysis of Role Played by Financial Institutions in Development of Indian MSME’s

Micro, Small and Medium Enterprises (MSME’s) are the major contributor to the economic growth of all countries across the globe. MSME’s contribution to development of national economy of India is significant. In India MSMEs are providing employment opportunities to around 10 million people every year and become the second largest sector generating employment opportunities and providing equitable regional development after agriculture. Indian MSME’s account for more than 90% of total industries in the country, have 45% contribution to industrial production, 40% to national export and 17% in GDP, proved that this sector is backbone of Indian economy. For industrial growth in the nation, uninterrupted and long term source of finance has a critical role to play. Indian Financial Institutions and the Government has a crucial contribution in development and promotion of MSME sector. Whenever we talk about the growth of MSMEs in India, all the time we should appreciate the role of financial institutions who stood behind this sector and supported in the way it was possible. In development of MSME sector, role played by credit lending institutions is remarkable. The paper focuses on the role played by financial institutions in overall development of MSMEs across the nation. Paper also aims to evaluate opportunities and challenges in the sector for raising funds through financial institutions which should be considered by policy makers for better results.

Growth & Performance of MSMEs in India: Prospects and Problem

The Micro, Small and Medium Enterprises (MSMES) have always been considered as growth engine of the Indian economy. MSMES are well known for its lower investment and technology requirement. After agriculture, this sector holds second position in generating employment opportunities in Indian economy. MSMES also enhance industrialization in rural and backward area thereby reduce regional imbalances and assure equitable distribution of national income and wealth. Despite its contribution and significance in the Indian Economy, the MSME sector has been facing various hurdles since long. After the liberalization and globalization in India since 1991, this sector is facing keen competition from domestic organizations as well as from the MNCS because of the improved technology in the market. This present paper deals with growth and development of MSMES in India and also highlight the problem and prospects of MSMES in India.