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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