Back to Search Start Over

ANALYZING EMPLOYMENT DYNAMICS: THE SIGNIFICANCE OF MSMES IN FOSTERING JOB OPPORTUNITIES IN INDIA, WITH EMPHASIS ON KHADI AND VILLAGE INDUSTRIES.

Authors :
KUMARI, Puja
MEHER, Bharat Kumar
SPULBAR, Cristi
BIRAU, Ramona
KUMAR, Sunil
SONI, Amitesh
NINULESCU, Petre Valeriu
Source :
Annals of the Constantin Brancusi University of Targu Jiu-Letters & Social Sciences Series; 2023, Issue 2, p53-64, 12p
Publication Year :
2023

Abstract

KHADI AND VILLAGE INDUSTRIES IS A MAJOR WING IN MSMES. THE PRESENT STUDY IS ANALYTICAL IN NATURE AND IS ENTIRELY BASED ON SECONDARY DATA. SECONDARY DATA RELATED TO THE PRODUCTION, SALES AND EMPLOYMENT OF KHADI& VILLAGE INDUSTRIES OF INDIA ARE COLLECTED FROM THE VARIOUS ANNUAL REPORTS OF MSMES GENERATED BY THE MINISTRY OF MSME, GOVERNMENT OF INDIA AND ANNUAL REPORTS OF KHADI AND VILLAGE INDUSTRIES COMMISSION (KVIC). THE ANNUAL REPORTS OF THE MSME SECTOR FROM 2010-11 TO 2020-21 HAS BEEN ANALYZED AND EVALUATED TO DRAW THE CONCLUSION. THE PURPOSE OF THIS STUDY IS TO ANALYSE THE GROWTH AND DEVELOPMENT OF KHADI AND VILLAGE INDUSTRIAL SECTOR IN TERMS OF PRODUCTION, SALES AND EMPLOYMENT GENERATION. AS WELL AS IT STUDIES THE BUDGET SUPPORT TO THE KVIC SECTOR BY THE GOVERNMENT. DATA INDICATE THAT THE KVI SECTOR MADE A MAJOR CONTRIBUTION TO EMPLOYMENT. HOWEVER, THIS SECTOR IS PERFORMING WELL, WITH INCREASING PRODUCTION AND SALES. COMPARED TO OTHER INDUSTRIES, THE KVI GROWTH IS SLOWER THAN OTHER SECTOR INDUSTRIES. IN THE KHADI SECTOR, EMPLOYMENT IS LOWER THAN AVERAGE. IT IS REPORTED THAT ALMOST 95% OF THE YEARLY BUDGET'S MONEY HAVE BEEN DISBURSED. FOR CALCULATION OF RESULTS OF CORRELATION HAS BEEN USED AND CONCLUDED THAT PRODUCTION AND SALES KHADI SECTOR AND VILLAGE INDUSTRY IS POSITIVELY HIGHLY CORRELATED. TO IMPROVE THE RURAL ECONOMY AND CREATE JOBS IN RURAL REGIONS, THE GOVERNMENT HAS TAKEN A NUMBER OF STEPS IN THE DIRECTION OF THE KVI SECTOR. DESPITE THE FIERCE COMPETITION, THE ENTIRE PERFORMANCE OF KHADI AND VILLAGE INDUSTRIAL SECTOR HAS BEEN OUTSTANDING. SALES AND PRODUCTION ARE ENCOURAGED BY THE KHADI AND VILLAGE INDUSTRIAL COMMISSION THROUGH THE IMPLEMENTATION OF SEVERAL PLANS FOR THE KVI SECTOR. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18446051
Issue :
2
Database :
Complementary Index
Journal :
Annals of the Constantin Brancusi University of Targu Jiu-Letters & Social Sciences Series
Publication Type :
Academic Journal
Accession number :
175927443