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Challenges Faced by Micro, Small and Medium Enterprises in Chennai City : Starting or Growing a Business


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1 Assistant Professor, Institute Department of Commerce, Madras Christian College, East Tambaram, Chennai - 600 059, India

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The Government of India has been taking various economic steps to raise the pace of economic growth of our country. Demonetization and Goods and Services Tax are also considered as part of such economic reforms done by the government. The growing changes in the Indian economy and also the business environment have significant impact on various sectors operating in our country. MSMEs are no exception to these changes. While some experts see these economic reforms as an opportunity for MSMEs to grow, others have unfavorable opinions. Government of India is also taking various steps and introducing various schemes to make India as the place of ease of doing business. With these changing economic conditions, this paper lists out the various challenges faced by MSMEs specifically while starting and growing their business in Chennai city.

Keywords

Challenges, Chennai, MSME

Paper Submission Date: June 30, 2018 ; Paper sent back for revision: July 8, 2018 ; Paper Acceptance Date: August 10, 2018

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  • Challenges Faced by Micro, Small and Medium Enterprises in Chennai City : Starting or Growing a Business

Abstract Views: 350  |  PDF Views: 0

Authors

Gowtham Ramkumar
Assistant Professor, Institute Department of Commerce, Madras Christian College, East Tambaram, Chennai - 600 059, India

Abstract


The Government of India has been taking various economic steps to raise the pace of economic growth of our country. Demonetization and Goods and Services Tax are also considered as part of such economic reforms done by the government. The growing changes in the Indian economy and also the business environment have significant impact on various sectors operating in our country. MSMEs are no exception to these changes. While some experts see these economic reforms as an opportunity for MSMEs to grow, others have unfavorable opinions. Government of India is also taking various steps and introducing various schemes to make India as the place of ease of doing business. With these changing economic conditions, this paper lists out the various challenges faced by MSMEs specifically while starting and growing their business in Chennai city.

Keywords


Challenges, Chennai, MSME

Paper Submission Date: June 30, 2018 ; Paper sent back for revision: July 8, 2018 ; Paper Acceptance Date: August 10, 2018




DOI: https://doi.org/10.17010/amcije%2F2018%2Fv1i4%2F141222