Enhancing MSMEs and Entrepreneurship as Growth Engines in India: Challenges, Opportunities, and Policy Imperatives

Micro, Small, and Medium Enterprises (MSMEs) and entrepreneurship are pivotal drivers of economic growth, employment generation, and social development in India. However, these sectors face numerous challenges that hinder their potential. This paper examines the current landscape of MSMEs and entrepreneurship in India, analyzes the key challenges they confront, explores the opportunities presented by technological advancements and policy initiatives, and proposes policy recommendations to enhance their role as growth engines.