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Don't dismiss India's SMEs as 'dwarves'
They can create jobs for the country's young, working-age individuals. With investments in human and physical infrastructure, these businesses can power the economy.
SMEs in India generate more than 30 per cent of manufacturing value-added, and are expanding their presence across the wider economy.
PHOTO: EPA-EFE
INDIAN government economists appear to be ignoring the important lessons of China and Taiwan, which have achieved spectacular economic growth through the massive contribution of their small and medium-sized enterprises (SMEs).
The economists have criticised the contribution of India's...
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