LatestLicenses And Certifications 28 June 2026
MSME Sector Growth
India's MSME sector contributes 31.1 percent to the country's GDP, with formal registrations crossing 8.7 crore as of June 2026. The Ministry of MSME has reported significant growth in the sector, with registrations under the Udyam Registration Portal and Udyam Assist Platform increasing substantially.
The MSME sector in India has shown remarkable growth, with *formal registrations* crossing 8.7 crore as of June 2026. Key highlights of the sector's growth include:
- *High GDP contribution*: The sector contributes 31.1 percent to the country's GDP.
- *Increasing registrations*: The Udyam Registration Portal and Udyam Assist Platform have seen a significant rise in registrations.
The growth of the MSME sector is a positive indicator of the country's economic development.
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