Succession problems in the SME sector in India

Small and Medium Enterprises contribute to around 37 _ percent to the Indian GDP (SME) sectors are the main contributors for boosting up the economy of India by –
1. Increasing the employment rates
2. Boosting up the exports
3. Facilitating automation
4. Productivity etc.
However, the Indian SME sector still has a long way to go. (i) The Constraints in availing funding, (ii) Non – availability of appropriate technology, (iii) Varied perspectives, (iv) Dearth of appropriate human resources etc.
Succession issues therefore becomes a major concern for the SMEs in India.