Seybold Report ISSN: 1533-9211
Mr. Gopal Krishan Bhargava
Research Scholar, Amity International Business School, Amity University, NOIDA, India
Dr. Namrata Pancholi
Assistant Professor, Amity International Business School, Amity University, Noida, India
Dr. J. C. Pande
Faculty, Birla Institute of Technology, Noida, India
Vol 17, No 11 ( 2022 ) | Licensing: CC 4.0 | Pg no: 2910-2929 | Published on: 24-11-2022
Abstract
Micro, Small and Medium Enterprises (MSMEs) play a key role in an economy. They are still more important for a developing and populous country like India. They generate huge employment opportunities, help in equitable distribution of income and wealth and reduce regional disparities in economic development of the country. However, MSMEs face certain challenges which hamper their sustenance and growth. Technological innovation is one of those challenges which need to be addressed without delay. The purpose of this study is to find out the present position of technological innovation in MSME segment, the barriers to their technological advancement and the solutions available. The paper is based on extensive literature review on the barriers to technological innovation in India.
Keywords:
MSME, Barriers, Technological Upgradation, Innovation