Bombay Stock Exchange launches SME index that tracks investor wealth
Press Trust of India: Mumbai, Dec 14 2012, 12:41 IST
and Medium Enterprises (SMEs) in India constitute an important segment of Indian economy. Currently, the contribution of SMEs alone has been greater than 7 per cent to GDP and 45 per cent to industrial production. It is also the second largest provider of employment after agriculture.
SMEs also contribute to 40 per cent of total exports directly and a significant amount of exports indirectly through large trading houses or third parties.
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