Give a brief account of the major challenges before the micro, small a

Question

Give a brief account of the major challenges before the micro, small and medium enterprises (MSME) today.

17 Aug 2022

Answer :

Word Count : 1205

The major challenges before the micro, small and medium enterprises (MSME) today are as follows -

Power availability: The major challenge in Indian manufacturing is Low power availability. Due to unavailability of power 24 hours per day, there is decrease in productivity and efficiency, and lower output rates.

Labour Productivity: Labour productivity is lesser in India than many competing countries. This is because of lag in supply chain management, transportation, production planning, and maintenance.

Intellectual Property Protection and Enforcement: IP protection and enforcement is an expensive and high risk in India. Another challenge with IP rights in India is that India is currently going through some significant IP reforms, which make things more complex and, at least for now, uncertain.

Cost and Fragmentation of Transportation and Logistics: Transportation is very costly and slow in India. It can take long delivery time to get products to the coasts from some places in India. Furthermore, logistics are inferior. The positive point is that the Indian government notice this problem in infrastructure and is working to resolve it.

Manufacturing sector in India is still not living up to its expectations. India is not just a big consumer market but also has a potential _____ ___ ________ _______ __________.
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