A study on the Contribution of Micro, Small, and Medium Enterprises in the Growth of Industry and Economic of Haryana

Abstract

The main purpose of the present research work is to study the contribution of Micro, Small and Medium Enterprises in the growth of Industry and Economy of Haryana State. To meet the objective study, the primary data collected from a sample of 100 respondents through structured questionnaire. The collected data were analyzed using frequency analysis and descriptive statistics to identify the perceptions of entrepreneurs of MSMEs regarding employment creation, innovation, and economic diversification. This methodology enables a comprehensive understanding of MSMEs' contribution in local and regional economies. The findings indicate that MSMEs are crucial for job creation, particularly in local communities, with a majority of respondents recognizing their capacity to diversify economic activities across various sectors. Furthermore, MSMEs contribute to technological advancement and foster entrepreneurship, allowing individuals to establish their own businesses, thus enhancing economic dynamism.