Application of Innovative Practices in Business Administration  (Paperback, Dr. Mehata Shalikram Nagbhide)

Indian economy is an emerging economy in the world. Agriculture, industries, import -export, service sector etc. are the important component of the Indian economy. The contribution of agriculture in the Indian economy is very important. In India, it is estimated that 63 percent of the population is directly or indirectly dependent on agricultural activities. Small and medium enterprises in India are also dependent on agriculture. Agriculture is the major employment generating sector in India followed by the Small and Medium Enterprises group in India which generates employment. Some of the Small and Medium Enterprises are found unorganized In India even today. The unorganized sectors are found in every place in India. Unorganized workers include agricultural laborers, industrial laborers, service sector laborers, and others. Unorganized workers are mostly found in the construction industry followed by the agriculture sector with the highest number of workers. The unorganized sector gives employment to a large and considerable part of workforce both in rural and urban area. The unorganised sectors are also called as informational sectors. It includes activities carried out by small and family enterprises, part or wholly with family labour. Growth of the informal sector and of the informal workers is due to a number of reasons including structural adjustment, privatization, liberalization and globalization, and the growth of the new knowledge economy.