In India, National Small Industry Day is celebrated every year on August 30. The aim of this day is to recognise the contribution of small industries and highlight their role in the economy. These industries not only generate employment at the local level but also promote regional development and strengthen the vision of Atmanirbhar Bharat.
In India’s economic journey, the MSME (Micro, Small, and Medium Enterprises) sector has emerged as a strong pillar. It contributes significantly to industrial production and exports. In recent years, digital registration, formalisation, and government initiatives have further empowered MSMEs. As a result, they are no longer confined to local markets but are also enhancing India’s competitiveness on the global stage.
Let’s take a closer look at the MSME industry in this visual guide.
Wrapping Up
India’s MSME sector is vast, both in scale and impact. With 6.44 crore enterprises, it contributes 30% to GDP, provides jobs to 28 crore people, and accounts for nearly 46% of the country’s exports.
With the support of government schemes and digital transformation, MSMEs are set to expand further, making them a key driver in India’s journey towards becoming a $5 trillion economy.
*The article is for information purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer
