The MSME sector is a crucial sector of the Indian economy.
As per the information received from Central Statistics Office, Ministry of Statistics & PI, the share of MSME Gross Value Added (GVA) in All India Gross Domestic Product at current prices (2011-12) for the year 2018-19 and 2019-20 were 30.5% and 30.0% respectively.
The share of the MSME manufacturing in All India manufacturing gross value output during the year 2018-19 and 2019-20 were 36.9% and 36.9% respectively.
Further, as per the information received from the Directorate General of Commercial Intelligence and Statistics, the share of export of specified MSME-related products to All India exports during 2019-20 and 2020-21 was 49.8% and 49.5% respectively.
As per the 73rd Round of NSS Report on Unincorporated Non-Agricultural Enterprises’ (July 2015- June 2016) conducted by the Ministry of Statistics & PI, the estimated number of workers in the MSME sector was 11.10 crore.
Under the Prime Minister’s Employment Generation Programme (PMEGP), the estimated employment generated (number of persons) in micro-enterprises during the year 2020-21 and 2021-22 (as of 01.07.2021) are 5.95 lakh and 1.19 lakh respectively.
This information was given by Union Minister for Micro, Small, and Medium Enterprises, Narayan Rane in a written reply in Rajya Sabha today.
