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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy January 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Current Affairs