MSMEs Contribute for more than 37% of GDP and employment for 805 lakh Indians

MSMEs Contribute for more than 37% of GDP and employment for 805 lakh Indians
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The estimated contribution of Micro, Small and Medium Enterprises (MSME) sector, including service segment, to the country’s GDP during 2012-13 was 37.54 per cent; while the total employment in the sector is 805.24 lakh; and the share of MSMEs in India’s total export for the year 2014-15 was 44.70 per cent, the Parliament was informed.

Union Minister of MSME Kalraj Mishra gave this information in a written reply to a question in Lok Sabha.

As per the revised methodology suggested by Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MoSPI), on the basis of the data on Gross Domestic Product (GDP) published by CSO, MoSPI and final results of the latest Census (Fourth Census), conducted (with base reference year 2006-07), wherein the data was collected till 2009 and results published in 2011-12, the estimated contribution of MSME sector (including service segment) to GDP during 2010-11, 2011-12 & 2012-13 are 36.69 per cent, 37.97 per cent & 37.54 per cent respectively, said the Minister.

 The Government monitors the employment in the MSME sector in the country by conducting All India Census of the sector, periodically. As per the latest Census (Fourth Census), conducted (with base reference year 2006-07), wherein the data was collected till 2009 and results published in 2011-12, as well as data extracted from Economic Census 2005 conducted by CSO, MoSPI, for activities excluded from Fourth Census, namely wholesale/retail trade, legal, educational & social services, hotel & restaurants, transports and storage & warehousing (except cold storage), the total employment in the MSME sector is 805.24 lakh.

Based on the export data maintained by Director General of Commercial Intelligence & Statistics, Ministry of Commerce and the information available with this Ministry about MSME products having significant export, the share of MSMEs in India’s total export, for the year 2012-13, 2013-14 and 2014-15, has been estimated as 43.00 per cent, 42.38 per cent and 44.70 per cent respectively.

Meanwhile, as per the Fourth Census as well as data extracted from Economic Census 2005 the total employment in the sector increased to 805.24 lakh as compared to 249.33 lakh in the Third All India Census of Small Scale Industries, conducted with reference year 2001-02, which is seen growing at 26.42 per cent annually, taking into account additional coverage under the sector.

Under the PMEGP Programme, which generates income and employment, 5851 projects were assisted during the year 2014-15, and the estimated employment generated was 40, 915 while the Margin Money Subsidy released and utilized was Rs 1,01,900 lakh and Rs 14,474.87 lakh respectively.

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