Hotline: 1800 102 2007
X
Search Business Opportunities
2011-08-02

MSME contribution to GDP increases

MSME contributes to GDP by 8.72 per cent

The contribution of Micro and Small Enterprises (MSEs) to GDP and total industrial production was estimated to be 8.72 percent and 44.86 percent respectively during the year 2008-09, as per the Union Cabinet Minister for Micro, Small and Medium Enterprises (MSME), Virbhadra Singh, having quoted in Rajya Sabha yesterday.

The source of the figure is data of Gross Domestic Product (GDP) published by Central Statistical Office.

The Minister in a statement said that the estimated contribution of MSMEs in total exports of the country for the year 2007-08 (latest available), based on data obtained from Export Promotion Councils, was 30.80 percent.

Enterprise-wise data collected on Micro, Small and Medium Enterprises (MSMEs) during the 4th All India Census of MSMEs: 2006-07 indicate that out of 15.64 lakh registered enterprises, entrepreneurs belonging to Other Backward Classes owned 5.99 lakh enterprises (38.28 percent) while Scheduled Castes and Scheduled Tribes entrepreneurs owned 1.19 lakh(7.6 percent) and 0.45 lakh (2.87 percent) enterprises respectively.

The socially backward classes of the society together owned 48.75 percent of the MSMEs. The women entrepreneurs also owned 2.15 lakh enterprises (13.72 percent). The above data suggests that the MSME growth is inclusive, said press statement.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    Having passion and love to work on cars? Join hands..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Bars, Pubs & Lounge
    About Us: Local Gastro Bar is one of the new entrants..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Quick Service Restaurants
    About Us  Me, Waffle n More (MWM) is a quick service..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: LAUNCHING FIRE ‘N’ GRILL BACK IN 2007 WAS A..
    Locations looking for expansion Punjab
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Punjab
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts