Interesting Facts About India's Booming MSME Sector

Ebizfiling

1. 

MSMEs in India employ 40% of the workforce.

2. 

They contribute 30% to exports and 45% to domestic manufacturing.

3. 

MSMEs produce 80% of industrial output with 8,000+ products.

4. 

55.3% of MSMEs are in rural areas, with 95% of output used locally.

5. 

32% of MSMEs are over 20 years old, and 1.22% have existed for 50+ years.

6. 

The MSME sector benefits from schemes like Mudra Loans, Startup India, and Atmanirbhar Bharat.

7. 

There are about 20.37% of women-owned MSMEs in India.

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