A Strategic Policy Framework for the Sustainable Develoment and Growth of MSMEs in India and Indonesia: Addressing Challenges and Harnessing Opportunities

Category: 2024 Series Written by Raghvendra et. al Hits: 379

Raghvendra
Department of Business Administration
Mahatma Jyotiba Phule Rohilkhand University, India

Sneha Chaurasiya
Department of Management Sciences
Mahatma Gandhi Central University, India

Jag Pravesh
Department of Business Administration
Mahatma Jyotiba Phule Rohilkhand University, India

Tulus Tambunan
Centre for Industry, SME. & Business Competition
Studies, Universitas Trisakti, Jakarta, Indonesia

 

Abstract

MSMEs are fundamental to India's and Indonesia’s economic framework and critical in employment generation, innovation, and inclusive growth. However, MSMEs face several challenges that hinder their potential for sustainable development, including limited access to finance, technological gaps, inadequate infrastructure, and regulatory complexities. This study proposes a strategic policy framework designed to address these barriers and promote the sustainable development of MSMEs in India and Indonesia as a comparison.

 

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