Comparative Analysis Of Working Capital Management Of MSMEs In India

摘要

As the world economy develops, those who decide to start or to develop business and those who analyze world trends, have to learn different studies from different countries to make right decision and to be proficient. The BRIC (Brazil, Russia, India and China) countries became strong driving force and it is quite a mistake to underestimate potential of these countries. The study you are reading now was conducted to analyze the working capital management of various micro, small and medium enterprises in Ludhiana, a city and a municipal corporation in Ludhiana district in the Indian state of Punjab. It is the largest city in the state, with an estimated population of more than 3.5 million. We'd like to stress that taking this big industrial city as an example is very revealing, in all BRIC countries such cities with such infrastructure are dominating in economics development, taking a bigger slice of pie and any scholar can analyze tendencies and build forecast on a base of economic development of these cities. To make this study objective, we carried out it in country other than our residential country by taking into consideration 5 samples each from micro, small and medium enterprises from Ludhiana, India. An effort was made in order to analyze and compare their working capital requirements. The study aimed to examine different sources of financing working capital and to suggest effective measures for the effective utilization of the working capital. For achieving the stated objectives, surveys were conducted by visiting the MSMEs personally in order to get the predesigned-structured questionnaires filled. Required information was collected from the respective managers managing the working capital requirements of the MSMEs.