MSMEs: Powering India

SMALL AND medium-sized enterprises (SMEs) are the growth engines of the global economy, making up around 90 per cent of all businesses globally, comprising roughly 70 per cent of employment and, by some estimates, contributing up to 90 per cent of global GDP. In the Indian context, the micro sector with 63.05 million estimated enterprises accounts for more than 99 per cent of the total estimated number of MSMEs.

The aforesaid data points demonstrate the