Benefits Of MSME Registration In India
The Micro, Small and Medium Enterprises (MSME) in India constitute over 90% of India's total enterprises. According to statistics, the MSME's contribute towards approximately 40% of total exports and 30% of India's GDP (Gross Domestic Product).
MSMEs also act as a major source of employment and employ over 110 million people across the nation. With a view to promote the country's economy and promote local products in the market, the Indian Government has been floating several schemes which provide a further impetus to the MSME's in India.