GS3 · 10 marks · 150 words
MSME in India are characterised by heterogeneity, fragmentation and their proclivity to operate in what is called the ‘informal economy’. Elucidate. Also, explain how the proposal for a new definition of the MSME will help improve its present status.
Answered by 1 topper · CSE 2018
Syllabus: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
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Liberalisation's effects on industrial growth, MSMEs, PLI and other industrial policy, manufacturing share, ease of doing business.
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