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India's MSMEs increased from 1.65 crore to 5 crore registered entities, contributing significantly to GDP, manufacturing, exports, and employment.
India's micro, small, and medium enterprises (MSMEs) surged from 1.65 crore to 5 crore registered entities in the past year, enhancing their formalization.
The government plans to raise credit guarantees via the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) from ₹4 lakh crore to ₹5 lakh crore over two years.
MSMEs contribute 30% of GDP, 36% of manufacturing, and 44% of exports, employing 21 crore people, crucial for economic stability.
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Las MIPYME de la India aumentaron de 1,65 crores a 5 crores de entidades registradas, contribuyendo significativamente al PIB, la manufactura, las exportaciones y el empleo.