In the post-WTO agenda, domestic markets have been opened up for imports, creating severe competition for the local industries. Inadequate working capital, lack of information to access domestic and international markets, shortage of trained personnel and obsolete technology are the major barriers to the growth of MSMEs in India. MSMEs, though important, face a number of problems which have resulted in their retarded growth. The sector contributes significantly to manufacturing output, employment and exports of the country. MSMEs are complementary to large industries as ancillary units and contribute enormously to the socio-economic development of the country. MSMEs not only play a crucial role in providing large employment opportunities, at comparatively lower capital cost than large industries, but also help in industrialization of rural and backward areas, thereby reducing regional imbalances, and assuring more equitable distribution of national income and wealth. Micro, small and medium enterprises (MSMEs) are the backbone of India s industrial economy. Growth and performance of MSMEs/Setaka Palaka and Sandhyarani Das. Rural handicraft artisans/Keya (Das) Ghosh. Women entrepreneurs in micro, small and medium enterprises in Odisha/Ashutosh Dash. Progress and prospects of MSMEs in Tamil Nadu/L. Burden of risk-based pricing by financing Banks on SMEs/B.P. Financing of micro enterprises: challenges and prospects/Ramakrushna Panigrahi. Internationalization and innovation in Indian SMEs: a study of Indian IT sector/Rushi Pandya and Ashutosh Muduli. Micro, small and medium enterprises: priceless diamonds craving for polishing/Andrew Francis and J. Dynamic nexus between MSME sector and economic growth in India/S.K. Opportunities and challenges for the growth of MSMEs in India/Radha Raghuramapatruni. MSMEs in India: Challenges of informality and globalization/Keshab Das. Development of SMEs in India: Policies, performance and prospects/M.H. MSMEs: Introduction and overview/Mitali Chinara and Himanshu Sekhar Rout.
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