Mains Answer Writing
Concept Mapping Mentorship- Covering Syllabus Through Themes
- GS & Optional
Discuss the role of Micro, Small, and Medium Enterprises (MSMEs) in India's economic transformation. How can policy interventions enhance their contribution to achieving the vision of a developed India by 2047?
Category: Economy (GS -III),
Test Date: 05 Mar 2025
Approach:
- Introduction: Define MSMEs and their classification in India.
- Role of MSMEs in Economic Transformation: Employment Generation; Contribution to GDP & Exports; Regional Development; Innovation & Entrepreneurship; Sectoral Linkages
- Challenges Faced by MSMEs:
- Limited access to credit and high borrowing costs.
- Infrastructural bottlenecks and lack of technology adoption.
- Regulatory burdens and compliance issues.
- Competition from global players and unorganized sector constraints.
- Policy Interventions for Enhancing MSME Contribution
- Suggest Way Forward
- Need for a holistic policy framework aligning MSMEs with "Viksit Bharat 2047" goals.
- Public-private partnerships for innovation and capacity building.
- Strengthening MSME clusters and industry-specific support mechanisms.
- Conclude accordingly
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