Govt's vision is to create 5 cr additional jobs in next 5 yrs, take share of MSMEs in GDP to 50%: Nitin Gadkari

New Delhi, Aug. 23 -- Asserting that the future of Indias economic growth story is dependent on its MSMEs development, Union MSME Minister Nitin Gadkari said the government has a vision to create 5 crore jobs in the MSME sector in the next five years.

As the government has set its eyes on actualizing the USD 5 trillion economy target, the share of MSMEs in the country's GDP has to be increased from the existing 29 % to 50%. Likewise, MSMEs share in exports has to reach 50%. The government has a solid vision to achieve it, Gadkari said.

Stating that employment creation is one of the critical challenges facing the country, he said the solution lies in fostering entrepreneurship across the country.

So far 11 crore jobs have been produced...