The book focused on the analysis and performance of ‘SMEs sector that pragmatically evolved in the changed environment and challenges that developed in late 1980s and early 1990s as the result of ‘Liberalization, Privatization and finally Globalization (LPG) in Indian Economy. The pragmatic shift from ‘Nehruvian Economic Policy’ to New Economic Policy’ was based on the premise that for development, implementation of governmental policies to be in accordance with LPG. Globalization opened new dimensions to market mechanism in relation to production and distribution relations, creating challenges and opportunities to MSMEs. The study analyses the changed economic policies and programmes of the government in post 1990s for the development of SMEs. The issues and questions like, what are the reasons of not been able to face global competitions, enrich enough to provide qualitative standards of products oriented to export, and why not ‘made in India’ instead of ‘made in china’ products.