MSME Sector in India - The Engine of Growth(Contribution of MSME in the GDP) - Part -3

The Engine of Growth(Contribution of MSME in the GDP)

MSME Sector in India

Part 3

Contribution of MSME (Manufacturing Sector) in the GDP

Contribution of MSME (Manufacturing Sector) in the GDP –

Based on the results of Third and Fourth All India Census of Small Scale Industries / Micro, Small & Medium Enterprises, an attempt has been made to estimate the share of MSME Sector in manufacturing output and GDP revising the existing ratio-based estimation procedure adopted by the Planning Commission in the year 1992. As per the Ministry’s Annual Report 2013-14, the contribution of MSMEs in Manufacturing Output is provided below.

Contribution of MSME (Manufacturing Sector) in the GDP

Exhibit 4: Contribution of MSME in Manufacturing Output (in 000 Crs, and %)

Note: * - Provisional. Source: 1. Fourth All India Census of MSMEs 2006-07, 2. National Account Statistics 2013, CSO, M/O SPI and 3. Annual Survey of Industries, CSO, M/O SPI

Contribution of Manufacturing Output in GDP (in 000 Crs, and %)

The contribution to GDP over the period is shown in the table below.

Exhibit 5: Contribution of Manufacturing Output inGDP (in 000 Crs, and %)

Note: * - Provisional. Source: 1. Fourth All India Census of MSMEs 2006-07, 2. National Account Statistics 2013, CSO, M/O SPI and 3. Annual Survey of Industries, CSO, M/O SPI

Key Industries for MSME –

Key Industries for MSME –

It is a very heterogeneous sector, encompassing diverse industries ranging from traditional to high-tech manufacturing and valued services. An overview of leading industries with respective shares is provided in the chart below.

Key Industry Shares for MSME (in %)

Exhibit 6: Key Industry Shares for MSME (in %)

Key Industry Shares for MSME (in %)

In terms of manufacturing, Apparel, F&B, Furniture and Textile constitute the majority share. However in terms of gross output, IFC/ World Bank Inetllecap Analysis, 2013 pegs the share of food products and beverages segment as the highest followed by textiles, basic metals and chemicals.

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