The economic changes undertaken by the Government of India have sparked a fresh wave of entrepreneurial activity. There are many ways in which small businesses contribute to the economy, but two of the most important are the creation of new jobs and the introduction of novel products and services. Primary and secondary data were both gathered for the study. Primary information was gathered via a questionnaire administered in the field. Literature reviews were combed for secondary data. Five hundred people were contacted with a formal survey. When it comes to fostering long-term economic growth and decreasing unemployment, small businesses play a key role. The sector can't serve in this capacity, however, until these negative business environments are improved. The study's findings will help those looking to start a small business, those already running a small business, and the government all work toward the same goal: improving the contribution of small businesses to the state's and nation's economies.

Challenge, Small Business, Modern, Economy,SME