Technological innovation: A necessity for sustainable MSME sector in India

Micro, small and medium enterprises (MSMEs) are considered the back bone of the national economy due to their versatile contributions in terms of employment generation, export promotion and removal of regional imbalance. There is the evidence that these MSMEs are not operating at its maximum potential output due to their technological obsolescence. This paper explores the innovation in MSMEs by the academic intervention to improve the productive performance of MSME sector in India.