The effects of globalization on the prosperity of India's SMEs are the subject of this essay. This study makes use of a post-hoc, descriptive research approach. Secondary data were utilized for this analysis. A bulletin from the Central Bank of India (CBN) was mined for data on how globalization has affected India's SMEs. We examined the effects of globalization on the growth of India's SMEs using a co-integration model. Interest rates, bank lending, and trade openness were used as proxies to evaluate globalization's impact. Meanwhile, the production of SMEs as a percentage of GDP was used to measure the performance of SMEs from 1992 to 2014. By expanding it internationally and erasing all trade barriers, it transforms the little market into a huge one. The availability of many items to numerous individuals is another effect. However, since we focused on so many favorable characteristics, we neglected to examine the most negative effects of globalization for India. Small scale industries continue to dominate the business sector in India. The performance of SMEs' production was shown to be unaffected by interest rates, bank loans, or trade openness. Overall, the F-statistics demonstrate that the variables considered here do not significantly affect the degree to which Indian SMEs' output and performance increase.

Globalization, SMEs, Bank credit, Trade openness, and Interest rate.