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Role of MSMEs in the Industrial Growth of Bihar: An Empirical Study Based on Secondary Data (2000–2023)

Year: 2025

Type: article

Abstract: This paper explores the role of Micro, Small, and Medium Enterprises (MSMEs) in the industrial development of Bihar from 2000 to 2023 using secondary data. Bihar has seen a steady expansion of MSMEs, particularly in rural areas, contributing significantly to employment and regional development. However, despite this growth, MSMEs face persistent challenges like limited access to finance, outdated technology, and weak infrastructure. The study analyses trends in the number of units, employment generation, investment, and sectoral spread. It concludes with policy suggestions aimed at strengthening the MSME ecosystem in Bihar.

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2025.v07i02.41420

Authors: Ankur Raj, Alok Kumar, Rekha Srivastava, Gagan Kumar

Institution: University of Lucknow

Language: English

Topic: Indian Economic and Social Development

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4409447931