000 02043nam a22001577a 4500
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100 _aMitra, Subrata
_949908
245 _aSustainability in Indian MSMEs: Literature review and practical implications
260 _aProductivity
300 _a64(3), Oct-Dec, 2023: p.321-335
520 _aSustainability or sustainable development has become an important issue in the context of climate change and growing social inequity. While large companies are held responsible for their environmental and social obligations, the collective responsibility of small companies, called Micro, Small and Medium Enterprises or MSMEs, cannot be ignored. MSMEs are an important part of a country’s economy, required generating employment and contributing to the national income, however they also have a significant carbon footprint, and being located mostly in rural and remote areas, have important social obligations to fulfil. This paper presents a review of literature on sustainability in Indian MSMEs. Based on the literature review, the paper identifies the barriers to and drivers of the implementation of sustainable practices in MSMEs. Survey results on the effects of implementing sustainable practices on firms’ economic, environmental and social performance are also reviewed. Based on the summary of the literature review, the paper draws important managerial insights and practical implications for owners/managers of MSMEs, governments/regulatory bodies and industry associations/chambers of commerce in order to ease and facilitate the implementation of sustainable practices. The paper concludes with some directions for future research on sustainability in MSMEs. – Reproduced https://www.printspublications.com/journal/productivity--a-quarterly-journal-of-the-national-productivity-council
650 _aMSMEs, Sustainability, Sustainable development, Climate change, Social inequity
_949909
773 _aProductivity
906 _aSUSTAINABLE DEVELOPMENT
942 _cAR