http://www.smechamberofindia.com/ - http://www.indiansmechamber.com/
CII - MSME Sector -
Grant Thornton - FICCI MSME Sector Vision 2020
MSME contributes 8% to India's GDP. Next to Agriculture this is the biggest single biggest grouping.
The Rs 9-lakh crore MSME industry is likely to double in the coming years, and to reach that kind of size and scale, automation will play a big role.
This table probably presents the right picture of MSME in India.
CONTRIBUTION OF MSME SECTOR IN GDP AND OUTPUT
(at 2004-05 prices)
Year Gross Value of Share of MSME sector in total GDP (%) Share of MSME
Output of MSME Manufacturing Services Total Manufacturing
Manufacturing Sector MSME Sector MSME output in total
(` in crore) Output (%)
2006-07 1198818 7.73 27.40 35.13 42.02
2007-08 1322777 7.81 27.60 35.41 41.98
2008-09 1375589 7.52 28.60 36.12 40.79
2009-10 1488352 7.45 28.60 36.05 39.63
2010-11 1653622 7.39 29.30 36.69 38.50
2011-12 1788584 7.27 30.70 37.97 37.47
2012-13 1809976 7.04 30.50 37.54 37.33
Source for the table Table 2.3 Annual Report 2015 - 16 of Ministry of MSME, Government of India
MSME census 2007 - http://fisme.org.in/document/FinalReport010711.pdf
The share of Micro, Small & Medium Enterprise (MSME) contribution to GDP will significantly increase from the current 8 percent to 15 percent by 2020, according to a study report by KPMG-CII.
The MSME sector contributed 8% to India's GDP for 2011-12. India has the potential to increase the share of contribution to GDP from its MSME sector from current 8 percent to about 15 percent by the year 2020," it said.
According to study, employment to the extent of 50 percent of the overall employment representing 300 million jobs across agricultural, manufacturing and services sectors will be provided by MSME.
The GDP growth rate is likely to achieve 8.5 percent level and India is expected to be an approximately USD 5 trillion economy by the year 2025.
Government of India has announced founding a apex bank to fund MSME sector through indigenous money lenders and small banks. It also announced Credit Guarantee fund for MSME units. Thus it has taken steps to increase bank credit/finance support to MSME sector in India.
Updated 12 April 2017, 30 July 2016, 17 June 2015