Micro, Small & Medium Enterprises
India’s Micro, Small and Medium Enterprises (MSME) sector has transformed into a dynamic and vibrant sector of the economy over the last fifty years.
With a vast network of around 30 million units, India’s MSME sector generates employment for about 70 million, enables manufacturing of over 6000 products, thereby contributing to around 45% of output and about 40% of exports, directly and indirectly.
The sector has contributed immensely to entrepreneurship development especially in rural and semi urban areas across the nation by providing the people a sustainable source of employment.
MSMEs have a lower capital-output and capital-labour ratios as compared to large-scale industries, hence are in a better position to fulfil growth and employment objectives.