Name: Deepa Iranna Itagi
Country: India

Year: 2025
Volume: Volume-12, Issue-2 (July-December)
Page Number: 99-103
DOI: https://doi.org/10.5281/zenodo.17139711

ABSTRACT:
The foundation of the Indian industry is made up of Micro, Small, and Medium-Sized
Enterprises (MSME), which act as a catalyst for economic change by generating employment
possibilities and inspiring low-skilled individuals to engage in entrepreneurial activities. It
has spread to both urban and rural areas. The economical development of the country is
significantly influenced by MSME's. Their inventive, efficient, flexible, and productive
entrepreneurial attitude also makes a substantial contribution to the expansion of the
economy. The MSME sector, which accounts for a significant amount of the country's
manufacturing output, is responsible for most of the country's industrial production and
exports, employment growth, and job creation. Understanding MSMEs' performance and
growth, as well as their difficulties and opportunities, is the primary goal of this study. It also
aims to comprehend how MSMEs contribute to India's economic development. The findings
of this investigation largely support the general consensus. The concepts and
recommendations from the study can enhance entrepreneurial ability.
Keywords: MSMEs, Entrepreneurial, Economic Development, MSMEs Act