Indian MSME sector: State of affairs of country’s economic backbone

Indian MSME sector has evolved as a vibrant and dynamic sector of the country’s economy over the past multiple decades contributing significantly to the nation’s socio-economic development. The sector has enabled entrepreneurship across industries and geographies and as a result, generated massive employment opportunities. The sector is now undergoing a massive transformation.

Written by FE News Desk

Updated: June 16, 2021 20:20 IST

. If the committee's report was favourable, then the project would be completed in three years,he added.

The number of artisans benefitted on an annual basis had also increased from 28,270 in FY16 to 84,171 in FY20 before it dipped to 62,408 in FY21.(Representative image)