Lean in Indian MSMEs

Lean in Indian MSMEs

Critical Success Factors and Barriers

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Micro, Small and Medium Enterprises, popularly known as MSMEs, have proven their importance worldwide through contribution in economic development. The MSMEs form the backbone of any country specially the emerging economies. The growth rate of MSMEs directly affects the growth of the economy of an emerging economy like India. In India this sector of 36 million units, today offers job to more than 80 million people. The industry through its more than 6,000 products contributes about 8% to GDP with 45% of total manufacturing output and 40% in the country's exports. The process of liberalization ...