New Delhi, June 29 -- World Micro, Small and Medium Enterprises (MSME) Day, observed annually on June 27, celebrates the contribution of millions of entrepreneurs, artisans and small businesses that drive economic growth, employment generation and sustainable development across the globe. Designated by the United Nations General Assembly in 2017, the day recognises the vital role played by MSMEs in strengthening national economies and promoting inclusive development. MSMEs Form the Backbone of India's Economy In India, the MSME sector is the backbone of the economy, with over six crore enterprises across manufacturing, services and other sectors. It contributes around 30 percent to GDP, 36 percent of manufacturing output and 45 percent of...