Growth of Micro, Small and Medium Enterprises (MSMEs) in India and its Role in Indian Economy

Through business innovations, Micro, Small, and Medium Enterprises (MSMEs) have made major contributions to the expansion of entrepreneurial endeavors. MSMEs are expanding their sphere influence across economy, generating a diversified range products services fulfil needs both domestic international markets. contributing national production, employment & exports and, economic development country. The present paper aimed determine growth in India its role Indian economy. data research was collected by exhaustive literature survey through electronic database at Web Science, MSME online site, Annual reports GOI, PubMed, Scopus, Science direct etc. According statistics from Central Statistics Office (CSO), M/o Programme Implementation. With 630.52 lakh estimated companies India, micro sector accounts for more than 99 percent all MSMEs. small sector, with 3.31 (accounts 0.52%)estimated MSMEs, medium 0.05 lakh(accounts 0.01%) respectively, total 324.88 (51.25 percent) rural areas, whereas 309 (48.75 urban according number MSMEs.The contribution country's Gross Value Added (GVA) has grown 10.97 % FY 2015-2016 12.88 2018-2019 respectively.Further share GDP 29.34% 2014-2015, year it 30.27%.