Vijay's Vision

-* Dr. S. Vijay Kumar The National Bureau of Economic Research defines a recession as "a period of falling economic activity spread across the economy, lasting more than a few months." A recession occurs, when the economy declines significantly for at least six months. People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more. But a recession can quietly begin before the quarterly Gross Domestic Product reports are out.  Economic Recession occurs, when there will be a drop in the following five economic indicators: Real GDP, Income, Employment, Manufacturing and retail sales. The data comes out monthly. When these economic indicators decline, so will GDP. The following   are the reasons for present Economic Recession in India: Demonetization: In 2016, due to the demonetization of Rs. 500 and Rs. 1000 currency notes, there was a shortage of cash in our economy. Due to this, sales were down in different sectors of our ec

                                                                                                               - *Dr. S. Vijay Kumar           Micro, Small and Medium Enterprises have been accepted as the engine of economic growth and   for promoting equitable development all over the world, especially in India in view of second highly populated country in the world. Micro and small scale enterprises have existed in rural India since ages in the form of traditional skills. Recently, r ural entrepreneurship has emerged as a dynamic concept. There is lot of scope for rural entrepreneurship in SMEs (Small and Medium Enterprises) sector economy which plays a vital role in providing employment and income for the poor and unemployed in rural areas. As the population grows there will be pressure on land and the growth in the agricultural production cannot absorb the ever increasing rural labor force in agricultural employment. This leaves the rural non-farm sector in the form of rural