Contribution of MSMEs in GDP

Question by: Shantanu Thakur and others.

Question

    1. Whether Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the Indian economy and generates second highest number of employments after agriculture and if so, the details thereof;
    2. whether MSMEs sector contributes 8-10 percent of the GDP, 40 percent of manufacturing output and 45 percent of exports from the country and if so, the details thereof; and
    3. the reasons for unfair treatment with MSMEs sector when it comes to provide facilities and stimulus to the said sector?

Answer by:Minister of Micro, Small and Medium Enterprises (Nitin Gadkari)

  • As per 73rd round ....
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