| Title: | Problem and prospectus of SME sectors in India & China with special reference to Chemical, Pharma and Textile Industries |
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| Authors: | ID Vasa, Jaimin (Author)
ID Aggarwal, Akshai (Author)
ID Rebernik, Miroslav (Author) |
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| Files: |  http://www.ijser.org/onlineResearchPaperViewer.aspx?Problem-and-Prospectus-of-SME-sectors-in-India-China-with-special.pdf
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| Language: | English |
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| Work type: | Unknown |
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| Typology: | 1.04 - Professional Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The SMEs are playing a strategic role in economic growth and development of the country through their contribution to the creation of wealth, employment and income generation. The Chemical, Pharma and Textile Industries are the leading segment in the SME sector. China and India are two of the largest agrarian economies in the world accounting for the bulk of the world's poorest people. There are many resemblances in their preliminary conditions', as well as broad policy orientation. Both countries with similar levels of living with wide geographical differences, and economic and social diversities. Both countries embarked on the course of planned economic development roughly around the same time, after being led to political freedom by two of the most influential political leaders of the 20th century, Mao and Gandhi. Both countries opted at almost the same time, for the heavy industrialisation policy as the quickest route to sustained economic development. However, China sought to follow the 'Soviet model' very closely than India, and China was virtually closed to external economic interaction until the late 1970s. The Indian economy, on the other hand, was largely in the private sector (with a well-developed indigenous entrepreneurial class and the institutional framework of a market economy) in which the state sought to increasingly influence the rate and pattern of economic development. For the Indian and Chinese economy textiles & chemical segments plays a major role. These SMEs segment are exposed to the competitive pressures either directly from the market place or indirectly passed on from their higher ups in the chain. However, with SMEs enthusiasm, flexibility and innovative drive they are mainly focusing on improved production methods, penetrative marketing strategies and management capabilities to continue and build up their operations & growth. The global chemical industry, is one of the fastest growing sectors of the manufacturing industry. Despite the challenges of escalating crude oil prices and demanding international environmental protection standards now adopted globally, the chemicals industry has still grown at a rate higher than the overall-manufacturing segment. In the economic life of India & China, the Textiles Industry has an overwhelming presence. Apart from providing one of the basic necessities of life, the textiles industry also plays a pivotal role through its contribution to industrial output, employment generation and the export earnings of the country. |
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| Publication date: | 01.01.2014 |
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| Year of publishing: | 2014 |
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| Number of pages: | [14] str. |
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| Numbering: | Vol. 5, no. 2 |
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| PID: | 20.500.12556/DKUM-85542  |
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| UDC: | 334.012.61-022.51/.55 |
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| ISSN on article: | 2229-5518 |
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| COBISS.SI-ID: | 11655708 |
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| Note: | Adobe Reader |
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| Publication date in DKUM: | 01.09.2023 |
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| Views: | 423 |
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| Downloads: | 6 |
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| Metadata: |    |
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| Categories: | Misc.
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