scholarly journals COVID-19 Pandemic and Micro, Small and Medium Enterprises (MSMEs): Policy Response for Revival

2020 ◽  
Vol 47 (3) ◽  
pp. 213-228
Author(s):  
Minaketan Behera ◽  
Sanghamitra Mishra ◽  
Niharika Mohapatra ◽  
Alok Ranjan Behera
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Activities ◽  
Fiscal Stimulus ◽  
Indian Economy ◽  
Long Run ◽  
Market Linkage ◽  
The Government ◽  
Medium Enterprises ◽  
High Degree ◽  
The Relationship

The outburst of COVID-19 has not only distressed the economic and social activities of Indian economy but also the world economy as a whole. Out of different economic activities, the micro, small and medium Enterprises (MSMEs) affected a lot. This article attempts to measure the contribution of MSMEs towards Indian economy and also attempts to find out the challenges and problems in pre- and during COVID period. We have used different descriptive statistics to measure the impacts of MSMEs and also use of correlation and co-integration to measure the relationship among the variables such as number of MSMEs, investment amount, employment and output. This pandemic is an exceptional shock for MSMEs. It is evident that there is a high degree of significant positive correlation among the variables. Johansen’s co-integration analysis resulted in the rejection of the null hypothesis signifying the existence of long-run co-integrating relationship. Given the extensive COVID-19 chaos, the government needs to establish an ongoing monitoring system and declare urgent relief steps to improve the MSMEs sector’s confidence. E-market linkage for MSMEs should be promoted, and fiscal stimulus should increase for this sector. The Government of India should take various measures to improve Indian MSMEs and achieve the vision of Self-reliant India.

scholarly journals Economic impacts of craftsman statue on community based tourism development

2017 ◽  
Vol 1 (3) ◽  
pp. 59-73
Author(s):  
A.A. Gde Putra Pemayun ◽  
A.A. Istri Agung Maheswari
Keyword(s):  
Economic System ◽  
Small And Medium Enterprises ◽  
Tourism Development ◽  
Poverty Line ◽  
Market Failures ◽  
Economic Activities ◽  
Human Needs ◽  
Gary Becker ◽  
The Government ◽  
Medium Enterprises

This study examines the "Economic Impact of Craftsmen Statue on Community Base Tourism Development in Tohpati village Klungkung Bali". The core concept of economic problems is the imbalance between unlimited human needs and the means of satisfying the needs of a limited number. Economics should not be emphasized through the point, but it should be emphasized as an approach to explain human behavior (Gary Becker). The economic system is a means used to regulate all economic activities in society whether done by the government or private in order to achieve prosperity and prosperity together. The Economic system can be divided into three namely: a First capitalist economic system that is all economic activity submitted to the market. Second, the communist economic system is all things governed by the government. The third is a mixed economic system that is a combination of the two economic systems above (capitalist and communist). Indonesia should adopt a mixed economic system because firstly, Indonesia is an emerging country, where market failures often occur due to uneven information or accessibility to transportation and communication facilities. The second is that there are still many Indonesian people are below the poverty line. Thirdly most Indonesians have businesses that are still classified into small and medium enterprises that still can not compete perfectly with a bigger business.

scholarly journals SERVICE IMPLEMENTATION OF CONSUMER INTEREST IN TEBING TINGGI BUSINESS CLINIC SUMATERA UTARA

2020 ◽  
Vol 8 (9) ◽  
pp. 200-208
Author(s):  
M. Umar Maya Putra ◽  
Syafrida Damanik
Keyword(s):  
Small And Medium Enterprises ◽  
Research Result ◽  
Service Needs ◽  
Ratio Data ◽  
International Exhibitions ◽  
The Government ◽  
Medium Enterprises ◽  
The Cost ◽  
The Relationship

This research begins with the development of MSMEs (Micro, Small and Medium Enterprises) which is an illustration of strengthening regional potential. Developing MSMEs can improve services to consumers in order to create buying interest. The benchmarks that are assessed through the level of confidence in a product directly aim to analyze customer interest. In this study, it is explained that customer interest is product quality, service quality, price, and cost which are closely related to meeting the service needs of the Tebing Tinggi Business Clinic (KLIBI) assisted them. The method used is the canonical analysis method which is a multivariate model that studies the relationship between the dependent variable set varied from the independent variable set. The data characteristics for canonical correlation are metric data, namely interval or ratio data. The research result gained that responsiveness and concern give the significant effect on the cost so that customers want to buy continuously. For the recommendation, The Government needs to improve the quality of product endorsement among Tebing Tinggi and Indonesian consumers by making the program business promotion and international exhibitions through KLIBI.

scholarly journals The Effect of Corporate Social Responsibility (CSR) on Increasing the Competitiveness of Small and Medium Enterprises (SMEs) in OKU Timur, Indonesia

2020 ◽  
Vol 4 (03) ◽  
Author(s):  
Helisia Margahana
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Price Competition ◽  
Small And Medium Enterprises ◽  
Survey Method ◽  
Environmental Orientation ◽  
Long Run ◽  
The Government ◽  
Medium Enterprises ◽  
Corporate Social

The purpose of this study is to determine whether Corporate Social Responsibility (CSR) affects the Competitiveness of Small and Medium Enterprises (SMEs). The population in this study are consumers who use e- commerce media in the South Sumatra area. The sample in this study was 200 respondents who were random samples from the Small and Medium Enterprises in South Sumatra. This study uses a survey method to see the amount of influence caused by the independent variables on the dependent variable. The independent variable examined in this study is the Corporate Social Responsibility (CSR) variable. The dependent variable in this study is the Competitiveness of Small and Medium Enterprises (SMEs). Based on the results of the study it can be seen that Corporate Social Responsibility (CSR) affects the Competitiveness of Small and Medium Enterprises (SMEs). So it can be concluded that if a business or business follows the regulations of the government, runs it and implements it based on predetermined factors, including work orientation factors, market orientation factors, and environmental orientation factors, then the business will be better known by the stakeholders and will be more competitive in the long run. Therefore SMEs must continue to consult with the government regarding CSR activities, which factors of CSR are most beneficial for all parties in business activities. SMEs must also focus on factors of price competition and competitive advantage to improve the image of SMEs and enhance competitiveness. Corporate Social Responsibility (CSR), Competitiveness, SMEs

THE IMPACT OF INNOVATION ON SMALL AND MEDIUM ENTERPRISES GROWTH

2021 ◽  
Vol 9 (1) ◽  
pp. 1-6
Author(s):  
Mohammed Zannah ◽  
◽  
Fauziah Mahat ◽  
Jibrin Geidam ◽  
Umar Malum ◽  
...  
Keyword(s):  
Technological Innovation ◽  
Small And Medium Enterprises ◽  
Business Organisation ◽  
Creative Thought ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Structured Questionnaire

The role of Innovation on small and medium enterprises (SMEs) growth is inevitable in any form of business organisation. Innovation has to do with a new idea, creative thought, and new imaginations of device of production of new product to add value to its customer. Innovation save as rebirth of product and reintroduce product in new look. This study have assess the impact of investment and technological innovation in growth of SMEs in Yobe State Nigeria. Structured questionnaire were used to gather the data, random sampling method were also adopted in surveying the 150 number of respondent. The finding shows significant relationship between innovation of product and production device and small and medium Growth, the result shows there is a relationship and the relationship is medium and positive. Moreover therefore there is impact of both investment and technological innovation on small and medium enterprises Growth The innovation has highly increase the growth of the enterprises. The study also recommend the government to consider and increase funds being allocated to grow the SMEs to make more innovations.

scholarly journals Rise of Hindutva Politics, Demonetisation, and Its Impact on Micro, Small and Medium Enterprises in India

2021 ◽  
Author(s):  
Geeta Sinha ◽  
Bhabani Shankar Nayak
Keyword(s):  
Social Development ◽  
Small And Medium Enterprises ◽  
Industrial Sector ◽  
Pivotal Role ◽  
Employment Opportunities ◽  
Indian Economy ◽  
The People ◽  
Medium Enterprises ◽  
The Relationship ◽  
Capital Intensive

In India, different political regimes have introduced varied policies for the economic and social development of the nation. Within the context of industrial sector development, MSMEs contribute and play a pivotal role in the growth of Indian economy. These enterprises nurture local entrepreneurship and generate large employment opportunities that are comparatively less capital intensive and stands next to agriculture. This paper examines the relationship between the rise of Hindutva politics and MSMEs in India and argues that the rise of Hindutva politics and its demonetisation policies have adversely impacted the MSME sector. The demonetisation policies proved to be fatal and laden with complexities for the MSME sector to cope that mostly overlaps with the informal sector. The paper explores the impacts of demonetisation on MSMEs that proved detrimental and unfavourably affected the lives of the people, hence, rendering to its decline in the country.

scholarly journals SMEs Formal Funding, a Lubricant for Economic Performance: The Nigerian Experience

2020 ◽  
pp. 1-10
Author(s):  
S. Sunday, Ogunbiyi ◽  
O. Chinyere, Onita
Keyword(s):  
Economic Performance ◽  
Unit Root ◽  
Small And Medium Enterprises ◽  
Unit Root Test ◽  
Secondary Data ◽  
Long Run ◽  
Integration Test ◽  
Auto Regressive ◽  
Medium Enterprises ◽  
The Relationship

This study examined the relationship between Small and medium scale enterprises formal sources of funding and economic performance of Nigeria, for the period 1992 to 2018. We adopted secondary data that were sourced from the central bank of Nigeria statistical bulletin. We conducted unit root test, Bound co-integration test and auto regressive distributive lag tests. The tests revealed that, in the long run, Microfinance Banks credit is statistically significant in promoting economic performance of Nigeria. While, Bank of Agriculture credit and bank of industry credit were found not to be statistically significant in promoting Nigeria’s economic performance. However, jointly, credits from the banks studied have a positive relationship with the performance of Nigeria’s economy as represented by the GDP. The study therefore recommends that, access to microfinance credit by SMEs should be sustained, while the relevant agencies should work to improve the relationship between credits by Banks of Agriculture and Industry to Small and Medium Enterprises. 

Under-Informed Policy Interventions and Long-Run Damage to Industrialization  (An Analysis of the Aatmanirbhar Bharat Abhyaan)

2021 ◽  
Author(s):  
Mehak Majeed ◽  
Saeed Owais Mushtaq ◽  
Javaid Iqbal Khan
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Incentives ◽  
Policy Recommendation ◽  
Annual Survey ◽  
Policy Interventions ◽  
Long Run ◽  
The Face ◽  
Industrialization Process ◽  
The Government ◽  
Medium Enterprises

Abstract The Covid-19 pandemic came as a major shock to the economies around the world. To buy some time in order to plan, execute and implement measures to prevent and face the pandemic around 50 nations across globe implemented lockdown. India announced the spring lockdown in March 2020. Given the agile healthcare system, huge population and under-development the nation had to extend the lockdown. One of the worst hit sectors because of the lockdown were the Micro, Small and Medium enterprises (MSMEs). The sector looked forward for economic incentives and packages from the government. In June 2020 the ‘Aatmanirbhar Bharat Abhyaan’ (self-sufficient India campaign) was launched. The paper using the Annual Survey of Industries data examines in detail how the package was not sufficient to meet the needs and expectations of the MSMEs sector. The paper establishes that the MSMEs sector is the face of industrialization process in India. We argue that the package failed to address the actual problems in the sector and instead came up with the policies that may well deteriorate the sector further and harm the overall industrialization process. The major policy recommendation established by the research is strong and honest leadership relying on quadruple-loop learning model.

Economic Fallout of COVID-19 and State Policy Response for Labour Force Protection

2021 ◽  
pp. 40-52
Author(s):  
Rakesh Kumar
Keyword(s):  
State Policy ◽  
Global Economy ◽  
Small And Medium Enterprises ◽  
Labour Force ◽  
Policy Response ◽  
Industrial Workers ◽  
Economic Activities ◽  
Indian Government ◽  
Indian Economy ◽  
The Government

The outbreak of coronavirus disease (COVID-19) has posed multi-faceted socio-economic threats globally and nationally. India is believed to be among the worst affected countries for imposing longer and extensive lockdown. The Indian economy is projected contract significantly due to nationwide longer lockdown. The closing of all sorts of economic activities created livelihood challenges for industrial workers. This chapter highlights the potential challenges and state policy response for protection of the lives and livelihood of the labour force. Indian government undertakes many measures on the fiscal and monetary part to minimize the health and economic fallout of labour force. Due to robust policy response, Indian economy is projected to report an economic growth rate of 11% in 2021 amid the rebound of global economy and easing of lockdown restrictions. The government has announced a number reforms for agriculture and industrial sectors, especially for micro, small, and medium enterprises (MSMEs) for larger absorption of labour force through increasing the output base.

scholarly journals Growth and Working of Micro Small and Medium Enterprises in India: An Overview

2021 ◽  
Vol 8 (S1-Feb) ◽  
pp. 165-169
Author(s):  
Ramesha M C
Keyword(s):  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Operational Flexibility ◽  
Gainful Employment ◽  
Indian Economy ◽  
The Government ◽  
And Performance ◽  
Medium Enterprises ◽  
Growth Economic ◽  
Investment Requirement

Micro Small and Medium Enterprises (MSMEs) is a vibrant and extensive sector of the Indian economy. It makes a significant contribution to the annual GDP, exports, and employment. In an environment of sustainable growth, economic reforms and, opening of the Indian economy. The role and importance of the MSME sector has become more significant. This sector is characterized by low investment requirement, operational flexibility, region mobility, and import substitutions. MSME Sector has been playing acrucial role in the overall economic development of a country like India and has the advantage of providing gainful employment opportunities with low investment and reduce regional disparities through the dispersal of industries into rural, semi-urban, and backward areas. This study makes an attempts to study the growth and, performance of MSMEs in terms of an increase in the number of working units, employment and investment levels in the recent past. This paper also tries to identify the problems faced by these units and the policy initiatives taken by the government.

Energy Management and Auditing in Indian MSMEs

2018 ◽  
pp. 152-178
Author(s):  
Shounak Basak ◽  
Kushal Saha ◽  
Sudhanshu Shekhar
Keyword(s):  
Case Studies ◽  
Energy Management ◽  
Glass Industry ◽  
Management Practices ◽  
Small And Medium Enterprises ◽  
Ceramic Tiles ◽  
Indian Economy ◽  
The Government ◽  
Medium Enterprises ◽  
Comprehensive Framework

Energy management has emerged as a comprehensive framework for implementing sustainable accounting initiatives. This chapter elaborates and explains the energy management and auditing practices in the context of Indian micro, small, and medium enterprises (MSMEs). MSMEs form a neglected but a large part of the Indian economy. The chapter delves upon the importance of implementing energy management in MSMEs. Moreover, MSMEs are generally inefficient in their energy usage due to lack of technological upgradation. Therefore, energy management initiatives are of greater relevance for this sector. Energy management requires the coordination among a network of organizations including the focal organization, the government bodies, NGOs, and trained energy consultants. For energy management practices to take root, a business ecosystem perspective is required. The chapter highlights the theoretical dimensions of energy management and emerging ecosystem of energy management through case studies of the Firozabad glass industry and the Morbi ceramic tiles industry.

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