With its Micro, Small, and Medium Enterprises (MSMEs) sector serving as a significant engine of economic growth, India is a thriving center of entrepreneurial energy. Although there are around 64 million MSMEs, according to official data, estimates indicate that the actual number may be far higher, possibly as high as 140 million. With so many unregistered enterprises functioning outside of the official system, the informal sector contributes significantly to India's economy.
With its Micro, Small, and Medium Enterprises (MSMEs) sector serving as a significant engine of economic growth, India is a thriving center of entrepreneurial energy. Although there are around 64 million MSMEs, according to official data, estimates indicate that the actual number may be far higher, possibly as high as 140 million. With so many unregistered enterprises functioning outside of the official system, the informal sector contributes significantly to India's economy.