Existing SMEs trend in
Sri Lanka
Small and Medium
Enterprises (SMEs) are regarded as one of the main driving forces of economic
development of all economies because they generate new employments, introduce
new business methods and products, reduce poverty, inflation and income
inequality and solve the balance of payment problem (Prasad, Tata and Guo,
2012; Singh, Garg and Deshmukh, 2010; Tambunan, 2008; Zeinalnezhad, Mukhtar and
Sahran, 2011). Therefore, SMEs are cnsidered as the backbone of economic
development of a country.
