Topic: Inclusive Growth: Integrating Diversity and Sustainabilities of Smes in Northeast Odisha

Abstract

The purpose of this research is to examine the diversity and sustainability practices in the SMEs and their proactive roles for the cause of inclusive growth in the selected region of Northeast Odisha. The socio-cultural environment within the region is diverse; however, the SMEs have many challenges, including a lack of resources and adequate infrastructure. To examine how factors of diversity integration and sustainability and growth inclusion affect inclusive growth, this study uses structural equation modeling with socio-cultural factors as the moderator. The results show that cross disciplinary immersion and sustainable business approach enhances the SMEs growth path. Moreover, social and cultural factors are key enablers of sustainable practice change on this level. The study therefore supports the development of policies that address diversity and sustainability in SMEs for further economic and regional development and social integration. Some policy recommendations drawn from the studies are; increasing financial support, strengthening the relation with communities and creating networks among SMEs for the sharing of information. This research can be a framework to other areas experiencing similar problems in their development processes in achieving sustainable development and inclusive growth.