ARJAVA MEDIA:
Over 1.73 lakh MSMEs contribute 45.79% of India’s exports, which already translates into a value of ₹12.39 trillion in the current financial year. The exemplary growth of MSME exports shows an increasing global acceptance of India’s MSME capabilities.
Micro, Small, and Medium Enterprises (MSMEs) exports have witnessed a remarkable rise, increasing from ₹3.95 trillion in 2020-21 to ₹12.39 trillion in 2024-25, underscoring their critical role in boosting India’s economy and strengthening global trade. The total number of exporting MSMEs in 2024-25 has also increased from 52,849 in 2020-21 to 1,73,350 in 2024-25. MSMEs demonstrated an exemplary growth trajectory, contributing 45.73% to exports in 2023-24, which increased to 45.79% by May 2024, highlighting their growing impact on India’s trade performance.
The MSME sector has consistently demonstrated remarkable resilience and adaptability, significantly contributing to the nation’s GDP over the years. The Gross Value Added (GVA) by MSMEs in India’s GDP was 29.7% in 2017-18. In 2022-23 it rose to 30.1%. Even in the COVID-19 pandemic period, the sector sustained a contribution of 27.3% and rebounded to 29.6% in 2021-22. These indicate the sector’s pivotal role in driving India’s economic growth and stability.
An enterprise with an investment of less than ₹I crore in plant and machinery or equipment and annual turnover not exceeding ₹5 crore is classified as a micro-enterprise. Small Enterprises are those with less than ₹10 investment in plant and machinery turnover not exceeding ₹50 crore. Medium Enterprises have less than ₹50 crore in plant and machinery and turnover not exceeding ₹250 crore.
