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Share of MSME sector in GDP to touch 10 pc: Ashok Chawla
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Namrata Kath Hazarika | 11 Mar, 2010
The share of micro, small and medium enterprises (MSMEs) in gross domestic product of the country is expected to touch double-digit growth from the current 8 percent, said the Finance Secretary, Ashok Chawla in New Delhi on Thursday.
Speaking at a conference 'Towards Excellence in MSMEs: Innovation Practice for Global Competitive', Chawla said, "The SME sector's contribution to GDP of the country is around 8 percent and is expected to contribute double-digit to our gross domestic product."
"This is the sector which has a great contribution to the growth story. The growth story has to move and will move to a higher level up to 10 percent, which is what the country needs, people need...," he added.
Chawla underscored that India needs to remove poverty in the country and that is what the government wants as well. "...and, the MSME sector's contribution will add to the higher level of growth story in India."
MSMEs need to adopt the best practices and also use innovative practices, upgrade their technology, improve marketing links and promotional activities and access to potential finance, the finance secretary added.
According to the last available data, the micro and small enterprise (MSE) sector shares 7.20 percent in the GDP in the year 2006-07. The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of its exports providing employment to about 60 million persons through 26 million enterprises.
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MSMEs need to adopt the best practices
Martin | Sun Mar 18 07:48:18 2012
MSMEs need to adopt the best practices and also use innovative practices, upgrade their technology, improve marketing links and promotional activities and access to potential finance, the finance secretary added.
Great Stats
Paul | Fri Feb 24 21:58:26 2012
Hi There, The stats "According to the last available data, the micro and small enterprise (MSE) sector shares 7.20 percent in the GDP in the year 2006-07. The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of its exports providing employment to about 60 million persons through 26 million enterprises". This is a real surprise to me , But really interesting to know. Hotpoint spares
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MSME Sector
Orlando | Mon Jun 27 09:59:56 2011
Chawla underscored that India needs to remove poverty in the country and that is what the government wants as well. "...and, the MSME sector's contribution will add to the higher level of growth story in India."
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Re: MSME Sector
Kamrul | Tue Aug 9 17:45:14 2011
MSME contributing to remove the Poverty. But It's not possible to remove Poverty. MSME can decrease the Poverty rate. Thanks for your information.
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hi
Samira | Sun Jun 12 06:29:46 2011
MSME today consist of more than 90 percent of the overall business enterprises in India – including both the organized and unorganized sectors. The development of this sector therefore is of supreme importance to the overall development of the Indian economy.
Opinion
Mario | Tue Apr 12 19:48:38 2011
What is the share of micro and small enterprises in the exports of India? I will tell you, based on the data received from Export Promotion Councils (EPCs) the share of Micro and Small Enterprises(MSEs) (including small industries) in the total exports of the country during 2007-08 (latest available) was 30.80 %.
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Rampant Corruption
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Figures on MSMEs
Scree | Thu Jan 13 16:57:58 2011
The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufacturing. Are these figures right?
MSME
aswe | Tue Dec 21 18:05:41 2010
country today needs the contribution of government to eliminate poverty. This is the right time to leap forward and adopt best practices. Therefore the industry needs three things, ie Upgradation of technology, funding is needed to ensure that projects are completed on time and the promotion of products attending community college
hi
scot | Fri Nov 26 18:58:53 2010
, the micro and small enterprise (MSE) sector shares 7.20 percent in the GDP in the year 2006-07. The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of its exports providing..link building service
RE
Perry | Mon Nov 1 17:24:33 2010
The MSME should be up lifted in the Indian market not only because of the 8% GDP contribution but also the 60 million employment opportunities that the country benefits from. The 40% export contribution can actually grow to more than that. - jordan
boots
boots | Fri Oct 22 05:13:15 2010
According to the last available data, the micro and small enterprise (MSE) sector shares 7.20 percent in the GDP in the year 2006-07. The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of its exports providing employment to about 60 million persons through 26 million enterprises. women's bailey button triplet
re..
davis2010 | Thu Oct 21 06:05:48 2010
According to the last available data, the micro and small enterprise (MSE) sector shares 7.20 percent in the GDP in the year 2006-07. The latest report of Prime Minister's Task Force on MSMEs said that the sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of its exports providing employment to about 60 million persons through 26 million enterprises.
super
Re...
funnyneil | Thu Oct 21 06:05:03 2010
Some of these comments people are saying here on this issue really seem to make me look at this in a whole new way. I do enjoy the responses though.
msme
Deepa | Wed Mar 17 15:45:23 2010
yes,msme sector is the imprtent job creating sector today.it can provide abobve 70% GDP and can lead the country to high groth perspective.but it need much pelp and promotting schemes and proper implimenting agencies from the part of government.
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