- INVEST INDIA
Growth Imperative for the MSME Sector
Micro, Small and Medium Enterprises (MSMEs) play a major role in the Indian economy.
MSMEs contribute significantly to the Indian economy in terms of Gross Domestic Product (GDP), exports, and employment generation.
Their contribution to the Indian economy is as follows:
* MSMEs contribute 30% of India’s GDP.
* The share of MSME-related products in total exports from India during 2018-19 is 48%.
* The estimated number of workers in unincorporated non-agriculture MSMEs in the country is 11 crore.