pratiyogita darpan app Published this articles page no 197 In n o v a t i o n p l a y s a critical role in shaping the industrial and firm competitiveness of any nation. It has often been discussed in the context of developed countries but the rise of emerging economies such as India has generated a new interest in innovation in the context of developing economies. Undoubtedly Small and Medium Enterprises play a highly significant role in Indias developing economy. They contribute to economic growth employment reduction of poverty and thus aptly are considered as the engines of growth. Apart from this Entrepreneurship and Innovation activities enhance competition and productivity growth as well. In addition SMEs are more productive because they are more flexible and can adapt to the changes in the market. Given the paramountcy of the sector it is critical to ensure that our SMEs remain competitive both nationally and globally. Indian SMEs face a formidable challenge in this regard. The updation of GOI Science Technology and Innovation Policy 2013 provided a big impetus to build an innovation ecosystem and to enhance the role of the private sector to do the same. pratiyogita darpan app
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