MSMEs

Contribution to GDP: MSMEs contributes 8% to the Indian GDP.

Employment: MSMEs provide about 110 million jobs which is 22-23% of the total employment in India. It is next highest to Agriculture.

Growth Rate: MSME sector expected to grow 15% in FY 2022.

Export Earning: As per the information received from Directorate General of Commercial Intelligence and Statistics (DGCIS) the Share of MSME related Products in total Export from India during 2018-19 was 48.10%.

Important Statements

Classification of MSMEs

  • Micro: Investment less than Rs. 1 crore and turnover less than Rs. 5 crores.
  • Small: Investment less than Rs. 10 crores and turnover ....
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