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Growth and performance of MSME’s in Karnataka- a qualitative study

The research is conducted to bring out the growth and performance of MSME’s, to identify the drivers of growth and reasons for hindering the performance. | Growth and performance of MSME s in Karnataka- a qualitative study International Journal of Management IJM Volume 7 Issue 3 March-April 2016 pp.246 252 Article ID IJM_07_03_022 Available online at http www.iaeme.com IJM issues.asp JType IJM amp VType 7 amp IType 3 Journal Impact Factor 2016 8.1920 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication GROWTH AND PERFORMANCE OF MSME S IN KARNATAKA- A QUALITATIVE STUDY Chaitra S Hiremath Assistant Professor Management Department Al-Ameen Institute of Management Studies Opp Lalbagh Main Gate Hosur Road Bangalore 27 Dr A L Malliga Assistant Professor HOD MTWU Kodaikanal ABSTRACT The research of academicians be it an empirical or exploratory or conceptual reports of commissions reports of government industry ministries clusters . etc have clearly indicated that the MSME sector is the most vibrant and dynamic sector of the country. The development of the nation is not just dependent on the growth of the large industries MSME s are the backbone of the country contributing tremendous to the economic development of the country by being the most attractive and promising sector for the employment among the younger generation exports diversification innovation and resource mobilization. Small and medium enterprises SMEs have been the backbone of the Indian economy. To state the statistics it is employing close to 40 of India s workforce and contributing 45 to India s manufacturing output SMEs play a critical role in generating millions of jobs especially at the low-skill level. The country s 1.3 million SMEs account for 40 of India s total exports .There was a time when MSME sector was suffering due to lack of technical knowledge expertise strategic orientation marketing planning ineffective ways of utilising the resources. with the help of the government initiatives the sector is able to get proper guidance and insights which are facilitating the growth of the sector. The .