Confederation Of Indian IndustryOct 21, 2021Micro, Medium & Small Scale Industry - CIIThe Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities.With around 63.4 million units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India's manufacturing output.They have been able to provide employment to around 120 million persons and contribute around 45% of the overall exports from India.Read more at Confederation Of Indian Industry
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities.With around 63.4 million units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India's manufacturing output.They have been able to provide employment to around 120 million persons and contribute around 45% of the overall exports from India.Read more at Confederation Of Indian Industry
