CONTENTS Preface 1. The Global Economic Outlook and MSMEs 1 1.0. Introduction 2.0. World Economic Outlook 3.0. Global Outlook for the MSME Sector 4.0. Strategies for SME Promotion 5.0. Conclusion 2. Indian Economy in 2007 17 1.0. Introduction 2.0. Macro economic Overview 3.0. Conclusion 3. The Enterprise Eco-System in India 27 1.0. Introduction 2.0. What is an Enterprise Eco system? 3.0. Conceptual Framework 4.0. The Enterprise Eco system in lindia 5.0. Enterprises Demography 6.0. Conclusion 4.Policy Environment 39 1.0. Introduction 2.0. Policy Milestones 3.0. Institutional Framework 4.0. Pillars of Public Policy 5. The Progress Card 51 1.0. Introduction 2.0. Data base and Broad Findings 3.0. Performance of Non-farm Sector 4.0. Technology 5.0. Capital- starved Tiny Units 6.0. Labour Productivity 7.0. Industrial Health 8.0. Growth Performance 9.0. Export Performance 10.0. Employment 11.0. Regional Development 12.0. Conclusion 6.Clobalization and Local Economic Development 59 1.0. Introduction 2.0. Economic Reforms and Trade 3.0. Outward Orientation of Indian SMEs 4.0. New Economy Opportunities 5.0. FDl and the MSMEs: Opportunities and Threats 6.0. Local Imperatives: Local Economic Development 7.0. The Search for Innovative Models 7.Financial Sector and MSMEs 71 1.0. Introduction 2.0. The Regulatory System 3.0. Credit Delivery System 4.0. Sources of Credit Support 5.0. Trend in Credit Flow 6.0. 'Inclusive Finance' and Small Enterprises 7.0. Role of Dedicated Funds 8.0. Conclusion 8.The Development Agenda and Advocacy 83 1.0. Introduction 2.0. Strategies 3.0. Actors 4.0. Advocacy 5.0. Conclusion 9. Prospects and Outlook 87 1.0. Introduction 2.0. Key Issues 3.0. Conclusion 10. The Tamil Nadu Story 91 1.0. Introduction 2.0. The State and its People 3.0. Resources 4.0. SDP and its Distribution 5.0. The Enterprise Ecosystem 6.0. Investment Climate andPolicy Environment 7.0. The Progress Card 8.0. The Development Actors 9.0. The Financial Sector 10.0. Future Outlook Selected Bibliography Abbreviations and Acronyms