Institute of Small Enterprises and Development

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Small & Medium Enterprises: The Global Scene Today

There are three long- term trends in the global economy today: First, globalization and interconnectedness. The opening up of trade and financial flows has helped to raise global growth and welfare, but without eliminating poverty in all economies-it
also poses major challenges like rising inequality, which is increasingly noticeable around the world today. It is projected that, in the coming decades, powerful forces of globalization-communication technology, financial flows, migration-will continue
to influence the world we live in. Second is demographic change. Life expectancy in many countries of the North has led to a swelling of the dependency ratio. Other societies, especially in Asia, will also go through a dramatic aging of the population in
the future. All these will have enormous ramifications-socially, politically, and economically. Third is technological innovation. Technological progress is having a revolutionary impact in many ways-it raises people’s expectations in this hyper-connected world, but will also make a lot of traditional jobs obsolete. These underlying drivers create both opportunities and challenges for MSMEs. Of course, through difficult steps, they need to identify and sustain their space. India’s MSMEs have several positives in a relative sense, though much of it still remains yet to be tapped.



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MSMEs in India: Leading Issues of Today

In every democracy, the developmental outcomes are decided by people’s aspirations, to begin with. These aspirations need to be articulated through effective platforms. Institutions are the outcome of these platforms and their initiatives. People’s
mandate legitimizes the actions of institutions. Unless public policy, evolved through democratic process, gives proper signals, one cannot expect India to realize its aspirations on the MSME front.


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Women Entrepreneurship Development: Institutions and their Role

Following the early initiatives by the government of India for targeting credit to vulnerable sections of society including women, there has been several institutional attempts to ensure credit delivery among women. Though the multiplicity of institutions and their schemes have contributed to broad basing of finance, their impact on the women community, in terms of quality, remains an area of critical gap. it is important to examine these critical gaps, and offers some suggestions for policy.

ISED-237 done

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Gender and Enterprise: Evidences from the Field

Understanding the macro level phenomena relating to gender, enterprise, and finance, is difficult unless there is a close understanding of the micro level processes. Unlike the general analysis of entrepreneurship, and the motivational factors behind that, the factors influencing women entrepreneurship are distinct. Since gender is a biological factor, and family, as a factor influencing division of labour, it is important that these two aspects are factored into the analysis of entrepreneurial behavior. A micro level analysis is, therefore, crucial. The attempt in the following pages is to make such an analysis..The conventional model of ‘infrastructure- finance –marketing model’ cannot contribute much to entrepreneurship development. In the modern environment, the imperatives lie in releasing and enhancing the hidden capabilities, and providing a suitable ecosystem where knowledge has a significant role. After all, in a knowledge economy, it is knowledge and capabilities that can empower women, not simply registration, infrastructure and credit facility.

ISED-238 done

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MSMEs in India: The Demographics & Structural Changes

A proper understanding of business demography is a sine qua non for development of meaningful enterprise development policies and strategies. However, in many developing countries, this vitality has not been properly understood by planners and policy makers. The difference between economic governance and public administration often underplayed or misunderstood, and the so-called” data” become a tool in the hands of amateur bureaucrats. While data collection, preservation and dissemination are vital for planning and administrative purposes, it need to be considered as an intermediary stage in the process of knowledge creation.. A total review of the database management system needs to be undertaken, with particular emphasis on the its utility for current ‘management decision’ of the various stakeholders, providing for utmost openness and timeliness. Keeping critical, non-classified, data under cover is not conducive to democratic policy development which the government has already commenced in a big way. Development of a clear cut data policy needs to be thoroughly debated in the Indian context.ISED-228 done