The MSME sector contributes to 6.11 percent of the manufacturing GDP, 24.63 percent of the services, 33.4 percent of India’s manufacturing output and 34 percent of the total exports across diverse range of commodities. With its smaller size, the sector is suitable to adapt to market change and its compact structure allows it to have better control the ecosystem as well as cater a personal touch to issues hindering trade.
This report, prepared jointly by CII and KPMG highlights the schemes and policies related to trade for MSMEs in India, details out the importance of competitiveness for Indian MSMEs and its comparisons vis-à-vis the other emerging economies and addresses the challenges faced by MSMEs on becoming globally competitive.
It was unveiled at the 16th Global SME Business Summit, held from 24 – 25 September 2019 at New Delhi.