Ministry says 173,350 MSMEs supplies reached global markets
The Micro, Small, and Medium Enterprises’ (MSMEs) exports have increased to Rs.12.39 lakh crore in 2024-25 from Rs.3.95 lakh crore in 2020-21 while the number of MSME exporters increased to 173,350 in 2024-25 from 52,849 in 2020-21 https://fieo.org/.
The growth in MSME sector is reflected in the scaling up of small and micro enterprises into medium enterprise, said the MSME Ministry.
The MSME export growth highlighted their growing impact on India’s trade performance and underscored their critical role in boosting the national economy and strengthening global tradehttps://www.investindia.gov.in/.
“The MSME sector in India has consistently demonstrated remarkable resilience and adaptability, significantly contributing to the nation’s GDP over the years,” said the Ministry on 23 Dec.
The Gross Value Added (GVA) by MSMEs in India’s GDP was 29.7% in 2017-18, rising to 30.1% in both 2022-23. Even amid the unprecedented challenges posed by the COVID-19 pandemic, the sector sustained a contribution of 27.3% in 2020-21, rebounding to 29.6% in 2021-22. “These figures highlight the sector’s pivotal role in driving economic growth and stability, reflecting its enduring strength and importance to the Indian economy,” said the Ministry https://www.bseindia.com/.
MSME’s are the backbone of India’s economic landscape, pivotal in employment generation, entrepreneurship promotion, and economic development, it elaborated https://www.nseindia.com/.
“Through resilience, innovation, and adaptability, MSMEs have consistently driven the nation’s growth, providing employment to millions and fostering inclusive development,” the ministry continued https://sbi.com.in/.
“As India strives to position itself as a global economic powerhouse, the MSME sector undoubtedly plays a central role, fostering innovation, generating employment, and enhancing export competitiveness.” Fiinews.com
