India, Jan. 29 -- The Government of India has issued a release:
Micro, Small, and Medium Enterprises (MSMEs) form the backbone of India's industrial economy, says the Economic Survey 2025-26 tabled in Parliament by Union Minister for Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman today. The Survey mentions that it accounts for approximately 35.4 per cent of manufacturing, around 48.58 per cent of exports, and 31.1 per cent of GDP in the country. With over 7.47 crore enterprises employing over 32.82 crore persons, the sector holds its position as the second-largest employer after agriculture. Globally, MSMEs make up about 90 per cent of businesses and are responsible for over 50 per cent of the total global employment. With...