India Micro Small and Medium Enterprises Report - 2023

P. M. Mathew (Writer on business)

Jun 2023 · PM Mathew, Institute of Small Enterprises and Development

About this ebook

The resignation of Geoffrey Hinton, the godfather of AI from the technology giant, Google, in May 2023, has triggered debates on the evolving techno-economic paradigm that is being unfolded, with possible unfavorable stakes on jobs and business sustainability. Besides its usual annual review of policy, practice, and developments, this twenty-sixth issue of the ‘India MSME Report series’ closely examines such scenario, and explores new directions in public policy and strategies. Bringing together the two streams of thinking, ie, the “Vikasit Bharat” agenda of the Government of India, and the vision of “Unleashing entrepreneurship”, as outlined by the United Nations, it puts forth the motto of “India First; SMEs First”, as the way forward. This Report puts forth a new vision and horizon for MSMEs in the country: ‘decentralized smart manufacturing’.

About the author

A Development Practitioner with over 40 years of experience in teaching, research, consulting and advisory work, P.M.Mathew specializes on private sector development, responsible business, innovation, employment and labour.He has had consultative and advisory roles with the Government of India, State governments, bilateral and multilateral organizations, and international consulting companies. With a Post Graduate background in International Economics, Political Science, Sociology, Mathew is a Ph.D. in Economics, with specialization in Development Economics. His recent work focuses on micro, small and medium enterprise development, industrial clusters, local economic development, entrepreneurship, social capital, and responsible business .Mathew has had advanced research and training exposure in the United Kingdom and the Netherlands, with focus on economic governance and innovation. Senior Fellow and Director at the Institute of Small Enterprises and Development, he is the architect of the  ISED Small Enterprise Observatory, and the India MSME Communication Programme(IMCP).

Mathew is Senior Chevening Fellow of the Foreign and Commonwealth Office, U.K., and IDPAD Fellow at the University of Tilburg, The Netherlands. He was honored with the Oshikawa International Award ,by Asian Productivity Organization(APO),Tokyo, and as 'Global Leader in SME Promotion', by Institute of International Education, New York. Besides being Editor of the 'India MSME Report' series, Mathew has six books and several papers to his credit

ISED is a knowledge institution that considers ‘Enterprise & Entrepreneurship’ as tools for ‘Sustainable Development’. Its motto of “sustainable development through enterprise” has its foundations in the global thinking on ‘Sustainable Development’ since the late 1980s.

The origin of the Institute, on June 08, 1988, owes to the initiatives of a group of professionals and concerned citizens from various parts of India, along with the active helping hand of the Planning Commission, New Delhi.

ISED considers private enterprise as vital to sustainable economic development, and human capabilities emerging from creativity (or 'entrepreneurship' in a wider sense), makes it happen. Action for development of sustainable enterprises and entrepreneurship needs to be based on a holistic understanding of the process of development, on the one hand, and feedback on intelligent interventions, on the other. The whole process leads to knowledge creation. ISED programme and action are anchored on maintaining such knowledge base, and taking it to the people consistently.