Princy Saini, CCS working paper no 319
Finance and government regulations are a major obstacle in the growth of micro, small and medium enterprises. Not only do they discourage aspiring entrepreneurs but also substantially hold back the growth of existing firms. Other factors slowing down growth arise largely due to lack of finance. Lack of infrastructure and competition are the next big problems followed by macroeconomic Instability, managerial incompetence, lack of research and development, corruption and lack of information.
