SMEs: Major Contributor to Indian Economy
In the last few years, Small and Medium Enterprises (SMEs) has come out as the most dynamic and dazzling sector of the Indian economy.
In comparison to the large-scale public and private enterprises, SMEs have scanty investment but their employment intensity is four times more than the large scale enterprises, thus, making SMEs a major contributor to the GDP of our country.
It helps in balancing regional development and bringing inequality of income along with equitable economic growth.
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