MSMEs (Micro, Small, and Medium Enterprises) play a significant role in India’s economy, contributing approximately 30% to the country’s GDP and 45% to its exports. These enterprises form the backbone of the Indian economy, driving growth, employment generation, and innovation. With their diverse range of products and services, MSMEs foster entrepreneurship, encourage local development, and contribute to the overall economic development of the nation. The government and various organizations provide support and incentives to promote the growth and sustainability of MSMEs, recognizing their vital role in driving India’s economic progress.
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