How India’s MSMEs are building a future of growth and innovation

Posted under: SMB
Date: 2024-11-06
How India’s MSMEs are building a future of growth and innovation

MSMEs have become the backbone of India’s economic growth, both through employment generation and industrial development. Despite contributing less than 40% of the GDP, India’s MSMEs account for approximately 40% of total employment and an impressive 70% of employment within the business sector. Also, it is transforming India into a global economic powerhouse, where growth support comes from governments, digital transformation initiatives, and an emerging entrepreneurial community.

Read more at: etedge-insights.com