Growth of Small and Medium Enterprises (SMES) and Handicrafts Sector

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The study explores how SMEs and handicrafts drive economic growth and job opportunities, indicating the need for innovative strategies for expansion.

The growth of SMEs and handicrafts drives economic growth, job opportunities, and cultural heritage preservation.
Small and medium-sized enterprises contribute significantly to GDP and innovation, reinforcing traditional craftsmanship.
An integrated approach involving capacity building and market connections is essential for sustainable growth.
Challenges like limited financial access and competition from mass-produced items hinder the sector's potential.

Natarajan Lokanathan (2025) studied this question.

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The study explores how SMEs and handicrafts drive economic growth and job opportunities, indicating the need for innovative strategies for expansion.