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

MSME sector contributed significantly to the Indian economy in terms of Gross Domestic Product, exports and employment generation, its the contribution of the total Gross Value Added standing at 31.8 percent.
Sudha

Updated: Jul 23,2019 11:32:19 am

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.
Free Current Affairs to Your Email

Latest Current Affairs 2020

Daily Current Affairs 2020



Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2020 February

February 28
News Quiz
February 27
News Quiz
February 26
News Quiz
February 25
News Quiz

Current Affairs 2020 January

January 31
News Quiz
January 30
News Quiz
January 29
News Quiz
January 28
News Quiz

Current Affairs 2019 December

December 31
News Quiz
December 30
News Quiz
December 29
News Quiz
December 28
News Quiz