Abstract:

The Agenda for Sustainable Development 2030, which includes the Sustainable Development Goals (SDGs) and goals, represents Member States' collective pledge to free humanity from poverty, ill health, and unsustainability. In terms of economic growth, job creation, and poverty elevation, reduction in inequality, Micro, Small, and Medium Enterprises are widely recognised as key contributors to preserving sustainable development. MSMEs, often known as "growth engines," are critical for developing nations' economies, such as India's, since they have the ability to create a large number of jobs. This sector has piqued policymakers' interest since it is labour-intensive and has the ability to alleviate regional disparity, guarantee financial autonomy for rural people, and aid in long-term development. Micro, Small, and Medium Enterprises (MSME) in India are widely regarded as critical to the country's economic progress in the twenty-first century. The present paper will concentrate on the MSME market situation and trends in India. This essay examines the MSME sector's present state, its performance, and the challenges it faces in the Indian economy. This essay also examines the MSMEs industry in the state of Uttarakhand. Due to a severe dearth of employment prospects in the state's rural parts, Uttarakhand is grappling with the grave issue of widespread migration from its high terrain. The state urgently requires inclusive and sustained industrial growth throughout all of its sub regions. The paper has found the correlation between investments in MSME and employment generated by MSME sector in Uttarakhand. The paper have also analysed the role of women entrepreneurship in MSME sector. The analysis was carried out with the help of secondary data obtained from the MSME Annual Reports, the Directorate of Industries of Uttarakhand, and other government reports, periodicals, and research papers.

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