CRN IndiaNov 15, 2021Why exclusive emphasis on manufacturing firms in MSME sector is imperative to transform Indian ...MSME manufacturing firms have been imperative to the growth of the Indian economy. These small to medium sized ventures have always contributed largely to the country’s GDP, hence contributing to different aspects of its development.The Indian MSME sector contributes to about 29% towards the GDP through its national and international trade. As per the MSME Ministry data, as of May 16, 2021, India has approximately 6.3 crore MSMEs (including both service and manufacturing firms).It is to be noted that this sector still has a lot of unexplored territories for growth.Read more at CRN India
MSME manufacturing firms have been imperative to the growth of the Indian economy. These small to medium sized ventures have always contributed largely to the country’s GDP, hence contributing to different aspects of its development.The Indian MSME sector contributes to about 29% towards the GDP through its national and international trade. As per the MSME Ministry data, as of May 16, 2021, India has approximately 6.3 crore MSMEs (including both service and manufacturing firms).It is to be noted that this sector still has a lot of unexplored territories for growth.Read more at CRN India
