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In any country, more so in India, while large corporates are the economic growth drivers, it is the small and medium enterprises (SMEs) that keep the wheels of industry moving. At first glance, they may not seem to be a substantial contributor but when you look at the larger picture, things become clearer. In effect, the role they play is an essential one because it has an impact on not just the corporate but the overall economic growth as a whole.
SME growth is reflected in employment generation, exports and development of entrepreneurial skills. They act as the 'Seed-Bed' from which large companies grow. Scalability in the sector is now being explored....