Synopsis
MSME units in India, on the other hand, have existed practically at subsistence level for decades. To move out of this morass would require a recognition that most of the sector here works with almost zero knowledge management, and survives merely because the humongous Indian economy continues to have space for such extraordinarily unproductive and inefficient enterprises.
By Meeta Rajivlochan The Indian policy landscape has long been dominated by a fear of industry growing big — the idea being that ‘big’industries are somehow exploitative and small industries make for a more egalitarian society. Data on the ground shows a different picture.In India, it is the MSMEs that exist at subsistence-level productivity which routinely flout environmental laws,social security laws and labour laws.For own-account enterprises
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