MSMEs contributing 37% to GDP

As per the revised methodology suggested by Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MoSPI), on the basis of the data on Gross Domestic Product (GDP) published by CSO, MoSPI and final results of the latest Census (Fourth Census), the estimated contribution of MSME sector to GDP, during 2010-11, 2011-12 & 2012-13, are 36.69 per cent, 37.97 per cent and 37.54 per cent, respectively.

The total employment in the sector increased to 805.24 lakh as compared to 249.33 lakh in the Third All India Census of Small Scale Industries, conducted with reference year 2001-02. Based on the export data maintained by Director General of Commercial Intelligence & Statistics, Ministry of Commerce and the information available with this Ministry about MSME products having significant export, the share of MSME in India’s total export, for the years 2011-12, 2012-13 and 2013-14, has been estimated as 43%, 43% and 42.38% respectively.

This information was given by the Union Minister of Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.

Popular Posts

Followers

 
Top