Hotline: 1800 102 2007
X
Loading
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
  • E-Commerce & Related
    99Sublimation is leaders in digital printing business & e-Commerce ,..
    Locations looking for expansion New Delhi
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • About:The Swiss Laundry is a brand that started in 2013..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800 - 1800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Khyati Group is based in Ahmedabad which has its presence..
    Locations looking for expansion Gujarat
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 1800 - 5000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Competitive Exam Coaching Institute
    About:Unique Shiksha is an initiative of unique Publishers, the oldest..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 150 - 2400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
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