Paper Title: ³SME¶S IN INDIAN ECONOMY-SWOT Analysis´ ECONOMISTS think that there is a missing Link in India¶s economic evolution. Somewhere in between, the country missed out on industrial development, considered a crucial part of the growth process because in earlier days our focuses were agriculture and service led economy. But, if there is one part of In dian industry that has the promise to fill this gap, it¶s the small and medium scale sector. This end of Indian Industrial spectrum i s following a ratherinteresting evolutionary traj ectory. There are clearly three stages in the growth path f ollowed by the sector in the post independe nce history of Indian industry. Small and Medium Enterprises (SME) all over the world have been recognized as the silent drivers of a Nations economy. This is true f or most developed, as well as devel oping economies. Looking to Indian context Small and Medium Enterprises are not only growth engines of the economy but they also offer the largest employment, next to the agriculture sector. Therefore, the paper investigates the role of Small and Medium sector enterprises, their strength and weaknesses along with opportuniti es and threats to the In dian SME¶s. Further the study goes to end with recommendations to the Small Business Unit¶s while identifying their weaknesses. Possible measures to be high light in this paper for strengthening the base of Entrepreneurship in the Indian industry to built up one of the strongest Economy in the world. The paper reveals following chapters; 1)Introduction 2)A brief Description of the Indian Eco nomy 3)Methodology 4)Data collection and interpretation 5)Findings and conclusions 6)References Introduction India was a latecomer to economic reforms, embarking on the process in earnest only in 1991, in the wake of an exceptionally severe balance of payments crisis. The need for a policy shift had become evident much earlier, as many countries in East Asia achieved high growth and poverty reduction through policies which emphasized greater export orientation and encouragement of the private sector. India took some steps in this direction in the 1980s, but it was not until 1991 that the government signaled a systemic shift to a more open economy with
