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Shromona Ganguly
Shromona Ganguly is a doctoral scholar with the economics group of Indian Institute of Management (IIM) Calcutta. She is also employed with the Department of Economic and Policy Research, Reserve Bank of India (RBI). Her research interests include industrial policy, industrial finance, and financial institutions/markets of developing economies.
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Is small beautiful? A critical evaluation of MSME policy and performance in India
Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources, this column shows that the structure of manufacturing MSMEs has changed significantly in the last decade: the share of capital-intensive industries in output has increased; labour productivity remains very low with possible replacement of labour with capital.
