MSME Sector in India - The Engine of Growth(Contribution of MSME in the GDP) - Part -3
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The Engine of Growth (Contribution of MSME in the GDP) MSME Sector in India Part 3
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Transcript of MSME Sector in India - The Engine of Growth(Contribution of MSME in the GDP) - Part -3
The Engine of Growth(Contribution of MSME in the GDP)
MSME Sector in India
Part 3
Contribution of MSME (Manufacturing Sector) in the GDP
Contribution of MSME (Manufacturing Sector) in the GDP –
Based on the results of Third and Fourth All India Census of Small Scale Industries / Micro, Small & Medium Enterprises, an attempt has been made to estimate the share of MSME Sector in manufacturing output and GDP revising the existing ratio-based estimation procedure adopted by the Planning Commission in the year 1992. As per the Ministry’s Annual Report 2013-14, the contribution of MSMEs in Manufacturing Output is provided below.
Contribution of MSME (Manufacturing Sector) in the GDP
Exhibit 4: Contribution of MSME in Manufacturing Output (in 000 Crs, and %)
Note: * - Provisional. Source: 1. Fourth All India Census of MSMEs 2006-07, 2. National Account Statistics 2013, CSO, M/O SPI and 3. Annual Survey of Industries, CSO, M/O SPI
Contribution of Manufacturing Output in GDP (in 000 Crs, and %)
The contribution to GDP over the period is shown in the table below.
Exhibit 5: Contribution of Manufacturing Output inGDP (in 000 Crs, and %)
Note: * - Provisional. Source: 1. Fourth All India Census of MSMEs 2006-07, 2. National Account Statistics 2013, CSO, M/O SPI and 3. Annual Survey of Industries, CSO, M/O SPI
Key Industries for MSME –
Key Industries for MSME –
It is a very heterogeneous sector, encompassing diverse industries ranging from traditional to high-tech manufacturing and valued services. An overview of leading industries with respective shares is provided in the chart below.
Key Industry Shares for MSME (in %)
Exhibit 6: Key Industry Shares for MSME (in %)
Key Industry Shares for MSME (in %)
In terms of manufacturing, Apparel, F&B, Furniture and Textile constitute the majority share. However in terms of gross output, IFC/ World Bank Inetllecap Analysis, 2013 pegs the share of food products and beverages segment as the highest followed by textiles, basic metals and chemicals.
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