Entrepreneurship and Angel Investing need encouragement in this budget

Posted on 28 de fevereiro de 2011 por


Small and Medium Enterprises (SMEs) form the backbone of any economy, even the most developed ones. Studies indicate that over 90% of the companies in the US have less than 50 employees and more than 50% of exports from the US are done by companies with less than 20 employees.

In India, Micro, Small and Medium Enterprises (MSMEs) constitute one of the most employment-intensive segments of the economy, contributing significantly to the manufacturing output and national exports.

It is estimated that this sector accounts for about 45% of the manufacturing output and 40% of the total exports of the country. There are several steps that the Government can take to encourage entrepreneurship and the growth of such ventures, especially by providing access to capital.

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