"Share of MSMEs in India’s total exports declined from nearly 50%: Govt data"

The share of the micro, small and medium enterprise (MSME) sector in the country’s annual merchandise exports has declined even as the latter hit a record high level in the financial year 2021-22. MSME exports’ share dipped to 45.04 percent in FY22 in comparison to 49.75 percent during FY20 and 49.35 percent during FY21 while India’s exports jumped 34.63 percent from $313.3 billion in FY20 and 44.5 percent from $291.8 billion in FY21 to record $421.8 billion in FY22. The data on the value of MSME exports and its share in overall exports was shared on Monday by the Minister of State for MSMEs Bhanu Pratap Singh Verma in a written reply to a question in Rajya Sabha.

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