This paper is published in Volume-11, Issue-2, 2025
Area
Economics And Business
Author
Aayaan Sardana
Org/Univ
Modern School Vasant Vihar, New Delhi, India
Keywords
MSME Act, Sole Proprietorship, General Partnership, Limited Liability Partnership (LLP), Corporation, Franchise, Home-Based Business, Social Enterprise, Non-profit Organization, Employment Generation, Rural Development, Economic Diversification, Innovation, Gross Domestic Product (GDP), Export Promotion, Social Impact, Government Revenue, Capital Management
Citations
IEEE
Aayaan Sardana. Small Businesses as the Basis of the Indian Economy, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Aayaan Sardana (2025). Small Businesses as the Basis of the Indian Economy. International Journal of Advance Research, Ideas and Innovations in Technology, 11(2) www.IJARIIT.com.
MLA
Aayaan Sardana. "Small Businesses as the Basis of the Indian Economy." International Journal of Advance Research, Ideas and Innovations in Technology 11.2 (2025). www.IJARIIT.com.
Aayaan Sardana. Small Businesses as the Basis of the Indian Economy, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Aayaan Sardana (2025). Small Businesses as the Basis of the Indian Economy. International Journal of Advance Research, Ideas and Innovations in Technology, 11(2) www.IJARIIT.com.
MLA
Aayaan Sardana. "Small Businesses as the Basis of the Indian Economy." International Journal of Advance Research, Ideas and Innovations in Technology 11.2 (2025). www.IJARIIT.com.
Abstract
India's economic progress and GDP growth have been mostly driven by small and medium-sized businesses, or SMEs. As of March 27, 2022, there were over 7.9 million MSMEs in India, according to the Ministry of Micro, Small & Medium Enterprises. India's and the world's economies have grown because of small enterprises. In a nation with an economy the size of India, small businesses make up 95% of the industrial units, and they provide 40% of the nation's total industrial production. Once more, tiny companies account for around 45% of India's overall export earnings. This paper explores the importance of small businesses in India, their contributions, their challenges, and their evolving role in driving sustainable and inclusive economic development.
