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Globalization and Its Effects on Small and Medium Enterprises (SMEs): An Indian Perspective (2018-2021)

Dr. Naveen Kumar , Dr. Krishan Gopal

DIP: 18.02.012/20220701

DOI: 10.25215/2455/0701012

Received: February 18, 2022; Revision Received: March 20, 2022; Accepted: March 25, 2022

Abstract

Globalization has significantly influenced small and medium enterprises (SMEs) in India, presenting both challenges and opportunities. This paper explores the impact of globalization on Indian SMEs from 2018 to 2021, focusing on how factors like increased international trade, technological progress, and foreign investments have affected their growth paths. It also addresses the difficulties SMEs encounter, including competitive pressures, regulatory hurdles, and access to global markets. The paper wraps up with suggestions for improving the resilience and competitiveness of SMEs in a globalized landscape.

Keywords

The author(s) appreciates all those who participated in the study and helped to facilitate the research process.

The author(s) declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

© 2022, Kumar, N. & Gopal, K.

Responding Author Information

Dr. Naveen Kumar @ Naveenkumar@gmail.com

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ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.012/20220701

DOI: 10.25215/2455/0701012

Published in

Volume 07 Issue 1, January – March, 2022

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Confederation of Indian Industry (CII), “Impact of Globalization on Indian SMEs,” 2019.

Economic Times, “Globalization and Indian SMEs,” 2021.

Ministry of MSME, Government of India, “Annual Report 2020-21.”

PwC India, “Future of SMEs in a Globalized Economy,” 2021.

World Bank, “Ease of Doing Business in India,” 2020.

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