BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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50%
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70%
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40%
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85%
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Detailed explanation-1: -With more than 63 million MSMEs spread across the geographical expanse of India, MSMEs have been contributing nearly 40% of overall India’s exports, contributing to approx. 6.11% of the country’s manufacturing GDP & 24.63% of the GDP from services sector.
Detailed explanation-2: -The MSME sector in India employs over 100 million people and accounts for 45% of manufacturing output and more than 40% of the country’s exports.
Detailed explanation-3: -The Indian MSME Sector The Micro sector includes 630.5 lakh enterprises, accounting for over 99% of the country’s total number of MSMEs. The Small sector includes 3.3 lakh enterprises (0.5% of total MSMEs), while the Medium sector includes 0.05 lakh enterprises (0.01% of total MSMEs).