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Financial performance analysis of MSME sector: An empirical study

Kishore Kumar Das

Department of Commerce and Business Administration, Ravenshaw University, Cuttack, Odisha, India

E-mail Address: drkkdas@ravenshawuniversity.ac.in

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and

Rupsa Mahapatra

ASBM University, Bhubaneswar, India

E-mail Address: rupsa.mahapatra03@gmail.com

Corresponding author.

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https://doi.org/10.1142/S2424786321500110Cited by:1 (Source: Crossref)

Abstract

The MSME sector is the most demanded, vibrant and dynamic sector which contributes highly to country’s manufacturing output, employment and exports. As this sector contains more than 80% of the total enterprises of the economy, its labor intensity is much higher than that of any other large enterprise. MSME is an important pillar of Indian economy as this sector is continuously contributing greatly to the growth and development of Indian economy by creating around 70 million employment, manufacturing more than 6000 products, contributing about 45% of manufacturing production and 40% from exports. Presently, the MSME sector is mostly dominated by microenterprises. This signifies that this sector is inviting and giving opportunities to new people for earning and being independent through its available schemes. Therefore, this paper is focused on the financial performance analysis of MSME sector.

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