Role of Micro Small and Medium Enterprises (MSME) in Employment Generation in India

The importance of 65 million MSMEs, which account for about 120 jobs and 30% the country’s economic output, cannot be underestimated as it forms backbone industrial landscape country contributing 49 % to exports 45% manufacturing sector also responsible around total employment generationin India.The Micro, Small Medium Enterprises (MSME) has emerged a highly vibrant dynamic Indian economy over last fewdecades. It contributes significantly in social development by fostering entrepreneurship generating largest opportunities at comparatively lower capital cost, next only agriculture. MSMEs are complementary large industries ancillary units andthis contribute inclusive country.