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
  • Quick Service Restaurants
    About Us  WowFillss a brand of M/s Search Route is a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Entertainment & Leisure
    About: Toon Mart is a one shop for wide range of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About: Started in 2015, 145 is a venture of Risa Hospitality..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fine Dine Restaurants
    About Us: A high end fine dine stand alone restaurant is..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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