Socio – Economic conditions on Micro Entrepreneurs in Tuticorin District

Abstract

          In a fast moving world, no firm small or large can survive, if it is not alert and responsive to technological changes.  Hence, a speedy and faster economic development is possible only with the help of dynamic and alert entrepreneurs. In India, “small business firms produce two and a half times as many innovations as large firms, relative to the number of persons, employed.  In a country like India, state and private entrepreneurs exist side by side.¹  The small scale industrial sector and business are in the purview of private entrepreneurs.  Hence, the need to promote entrepreneurship in the medium scale and small scale industrial sectors becomes essential to hasten the rate of development.