Mumbai, July 5 -- Union Minister for Micro, Small and Medium Enterprises (MSME), Jitan Ram Manjhi, addressed a press conference in Mumbai on July 4, highlighting the significant progress made by the MSME sector - a key pillar of India's economic framework.
The briefing followed the Minister's review meetings and visits to the Institute for Design of Electrical Measuring Instruments (IDEMI) and the Khadi & Village Industries Commission (KVIC) headquarters on July 3.
Describing the MSME sector as the second-largest contributor to India's economy, Manjhi stated that MSMEs account for 30.1 percent of GDP, 35.4 percent of the manufacturing output, and 45.73 percent of exports.
The Minister revealed that the sector has grown exponentially, w...
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