Contribution of MSMEs to GDP

 

Based on the data of Gross Domestic Product (GDP) published by Central Statistical Office, Ministry of Statistics and Programme Implementation, the contribution of Micro and Small Enterprises (MSEs) to GDP and total industrial production was estimated to be 8.72% and 44.86% respectively during the year 2008-09. The estimated contribution of Micro, Small and Medium Enterprises (MSMEs) in total exports of the country for the year 2007-08 (latest available), based on data obtained from Export Promotion Councils, was 30.80%.
Enterprise-wise data collected on Micro, Small and Medium Enterprises (MSMEs) during the Fourth All India Census of MSMEs: 2006-07 and Economic Census 2005, Central Statistics Office, Ministry of Statistics & Programme Implementation for activities excluded from Fourth All India Census of MSMEs 2006-2007 namely wholesale/retail trade, legal, educational & social services, hotel & restaurants, transports and storage & warehousing (except cold storage) indicate that out of 361.76 lakh MSMEs, entrepreneurs belonging to Other Backward Classes owned 151.73 lakh MSMEs (41.94%) while Scheduled Castes and Scheduled Tribes entrepreneurs owned 28.34 lakh (7.83%) and 20.84 lakh (5.76%) MSMEs respectively. The socially backward classes of the society together owned 200.91 lakh MSMEs (51.54%). The women entrepreneurs also owned 38.50 lakh MSMEs (10.64%). The above data suggests that the MSMEs helped in achieving inclusive growth