Export Promotion of Small and Medium Sized Enterprises in India

This dissertation focuses on the effectiveness of export promotion policies and innovation for Indian SMEs in enhancing the international competitiveness and revenues. SMEs are a critical sector for the economic growth of India, but constraints including restricted credit, increase in regulatory issues, and lack of technology negatively affect their market in the global marketplace. These challenges are assessed in relation to important government measures, such as the Merchandise Exports from India Scheme (MEIS), Market Access Initiative (MAI), and Export Credit Guarantee Corporation (ECGC). Through a method of qualitative research and secondary data collection and analysis, the paper finds that although, medium sized enterprises benefit from these policies, the small ones encounter challenges of access to these policies and support structures due to administrative drawbacks. The results indicate the necessity of strengthening policy accessibility for more effective sustainable and balanced development and for the promotion of innovative approaches. Proposals are on enhancing policy communication to emerging SMEs, incorporating support for innovation, and synchronizing export campaigns with the nation’s economic development objectives.