A Study on Growth and Distribution of Medium Scale Enterprises in Karnataka

Abstract

Micro, Small,and Medium Enterprises (MSMEs) have been accepted as the engine of economic growth and encouraging equitable development. MSMEs constitute over 90% of total enterprises in most economies and have been credited with creating the highest rates of employment and account for a large share of industrial production and exports. In India, too, the MSMEs have been the backbone of the Indian economy.Karnataka isone of the Top Five Industrialized States in the country. It has achieved substantially in promoting hi-tech industries insectors like Electronics, Telecommunication, Information Technology, Precision Engineering, Automobiles, Readymade garments, and Food Processing. It has a history of pioneering industrial growth initiatives since the Princely State of Mysore and subsequently in the postindependence era. The paper is based on secondary data and aims at studying the growth and distribution of Medium Scale Enterprises in the state of Karnataka.