Prospects And Problems Of Sme In Post Gst Era-A Study

Abstract

Small and medium-sized enterprises (SMEs) exist in all countries with the aim of creating new employment opportunities. Encouraging Entrepreneurial Efforts. Improving the living conditions of the poor. Increasing the contribution of the SME sector to the country's GDP. The world is trending toward industries with technologically advanced and highly skilled workers. Protection against unemployment and opportunities for older employees on the one hand and achieving competitiveness and performance excellence for employers can be achieved with a skills strategy. As India emerges as a manufacturing hub for Newline, the sector grew 7.7 percent in 2017. SMEs contribute nearly 45 percent to newline manufacturing and about 40 percent to India's manufacturing export sector. This document highlights various problems faced by SMEs in India and seeks to find solutions to these problems so that the SMEs can
become more energetic and move into new unexplored areas such as infrastructure.