Central Government favors it's 31.8% contribution to economic growth

Last Updated: July 23, 2019

Free Current Affairs to Your Email
Central Government favors it's 31.8% contribution to economic growth
23 July 2019 Current Affairs: MSME sector contributed significantly to the Indian economy in terms of Gross Domestic Product, exports and employment generation, it’s the contribution of the total Gross Value Added standing at 31.8 percent. 
The share of MSME related products in total exports from India during the year 2018-19 was 48.10 percent.

MSME Sector
MSME sector is an important pillar of Indian economy 
They contributed greatly to the commercial growth with a vast network of around 30 million units.
MSMEs have created employment of about 70 million, manufacturing more than 6000 products.
They contributed about 45 per cent to manufacturing output and finally about 40% of exports. 
The sector continued to face certain constraints regarding availability of adequate and timely credit, high cost of credit, collateral requirements, access to equity capital and rehabilitation of sick enterprises, and more, despite its significant contribution.
The 73rd round of National Sample Survey (NSS), conducted by the Centre during 2015-16
The estimated number of workers in unincorporated nonagricultural MSMEs in the country to be 11.10 crores.

Daily Current Affairs 2019

Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Download Current Affairs PDF

Current Affairs 2019 August

August 20
News Quiz
August 19
News Quiz
August 18
News Quiz
August 17
News Quiz

Current Affairs 2019 July

July 31
News Quiz
July 30
News Quiz
July 29
News Quiz
July 28
News Quiz

Current Affairs 2019 June

June 30
News Quiz
June 29
News Quiz
June 28
News Quiz
June 27
News Quiz

BUY Current Affairs 2019 PDF + GET 2018 Current Affairs PDF for FREE
Mock Test Series @ Rs.25 Only
Buy Now