INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
20%, 40%
|
|
|
90%, 50%
|
|
|
60%, 40%
|
|
|
75%, 20%
|
Detailed explanation-1: -Micro, small and medium enterprises across India accounted for nearly 27 percent of India’s GDP in financial year 2021.
Detailed explanation-2: -The latest statistics show that there are 33.2 million small businesses in the US, which account for 99.9 percent of all US businesses (SBA, 2022). The Small Business Administration (SBA) defines a small business as a firm that has fewer than 500 employees.
Detailed explanation-3: -As per the Ministry of Statistics and Programme Implementation, Government of India, The small-scale industry sector constitutes 95% of the country’s industrial units.
Detailed explanation-4: -Role of SMEs in India SMEs employ a good chunk of India’s workforce. This amounts to almost 40%, which makes up around 80 million workers. They make up almost 40% of India’s export business and a significant chunk of the country’s manufacturing output (45%).