How Indian Economy depends on MSME (Small Business) - 0 views
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creditqcibil on 09 Jun 20Micro, Small and Medium Enterprises (MSME) have become one of the most significant sectors in the Indian economy lately and for all the good reasons. Its contribution to the country's Gross Domestic Product has been significantly higher than others and it stands at around 6 per cent. Besides, the sector accounts for 33 per cent of the merchandise exports. This is the reason why this sector is often called as the growth engine of the Indian economy.