Identification of Skill and Their Development in MSME
Author(s): DIMPLE AIND
Authors Affiliations:
Research Scholar,
Department of Commerce and Business Management,
Ranchi University, Ranchi.
DOIs:10.2015/IJIRMF/202505035 | Paper ID: IJIRMF202505035
Micro, small, and medium enterprises (MSMEs) are an essential part of economic and industrial development abroad, mainly in developing economies like India. They are considered to be the backbone of India's economy. They considerably contribute to GDP growth, employment generation, and export earnings. They play a crucial role in the industrialisation of rural and backwards areas, reducing regional imbalances and promoting inclusive growth. Skill development contributes to economic growth by increasing employability and productivity, encouraging sustainable enterprise development, and promoting inclusive advancement. It creates a cycle of high productivity, increased employment opportunities, income growth, and development. The study highlights that identification of skill and their development plays a pivotal role in economic growth and social development. Th study emphasizes need to skill development which initiate in employment generation and making people capable to earn their livelihood.
DIMPLE AIND (2025); Identification of Skill and Their Development in MSME, International Journal for Innovative Research in Multidisciplinary Field, ISSN(O): 2455-0620, Vol-11, Issue-5, Pp.216-218. Available on – https://www.ijirmf.com/
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Web References:
- https://msme.gov.in/
- wikipedia.org