Role Of Micro Small and Medium Enterprises in Achieving Sustainable Development Goals in India

Sustainable development is a concept that benefits the present as well as the future of mankind. The traditional linear economic model of make, use and throw leads to un-sustainability while sustainability requires the development of balanced production systems with circular economy keeping in mind the 5 P’s i.e. People, Planet, Prosperity, Peace and Partnership. As a universal call to achieve Sustainable Development Goals, Micro Small and Medium Enterprises (MSMEs) is the key to employment generation, poverty eradication, removal of regional disparity, removal of gender inequality, promoting entrepreneurship, reducing the severity of hunger, etc. Contributing to 90% of businesses worldwide, 60 to 70% of employment and 50% of GDP, MSMEs are the backbone of the global and domestic economies. The main objective of this research paper is to examine the potential of MSMEs in the Indian context to achieve Sustainable Development Goals.