Licenses And Certifications 4 August 2026
MSMEs Contribute 31.1% to GDP
The government has revealed that Micro, Small, and Medium Enterprises contribute 31.1 percent to the country's GDP and account for over half of the merchandise exports. This information was obtained through the Udyam Registration Portal, which tracks the performance of MSMEs, including their contribution to the economy and exports.
MSMEs play a significant role in the country's economy. Key highlights include:
- *MSMEs contribute 31.1% to the country's GDP*,
- *account for over half of the merchandise exports*.
The Udyam Registration Portal provides valuable insights into the performance of MSMEs, including their contribution to the economy and exports.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.