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    STUDIA NEGOTIA - Issue no. 2 / 2005  
         
  Article:   SMALL AND MEDIUM ENTERPRISES - CHANGING SCENARIO IN A CHANGING WORLD ORDER: A CASE FOR SMALL AND MEDIUM ENTERPRISES OF INDIA.

Authors:  HALIMA SADIA RIZVI. 		 
       
         
  Abstract:  Like every economy in its growth process, Indian economy too over the decades has undergone several structural transformations both in the main sectoral components as well as in the intersectoral transformation. What is more noticeable and significant is not the change from small scale to medium scale and to large scale production sector but a broad based change within the composition of products, production techniques and the resultant technical efficiency. The importance of small and medium scale enterprises in the process of economic development of the Indian economy becomes more glaring and significant when we examine its contribution to Gross Domestic Product, Gross Domestic Capital formation, employment generation capacities as well as promotion of exports. Nonetheless, since globalization of the Indian Economy a move towards liberalized economic policy, the small and medium sector has not reflected any positive co-relations between opening up and attainment of greater growth targets. The present study aims to examine the reasons for this lacuna and suggest measures to policy planners which can be implemented not only by India but also by many developing countries in their similar situations of growth process.  
         
     
         
         
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