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An Empirical Study Of Elasticity Of Employment Generated In Micro, Small And Medium Manufacturing Enterprises (Manufacturing Msmes) In India, Nihar Ranjan Jena, Lina R. Thatte

International Review of Business and Economics

World over SMEs are playing a major role in the sphere of socio-economic enhancement of lives of millions. In India, the Micro, Small & Medium Enterprises (MSMEs) contribute 8 per cent to the country’s GDP, 45 per cent to the manufactured output and 40 per cent to the country’s exports. They provide employment to 101 million people through 45 million enterprises. As an employment generator, MSMEs are the second largest employment opportunity provider only behind the agriculture sector. The MSMEs also act as a catalyst for social change by helping reduce the income inequality among various social classes as also …