IPE Global | News | February 08, 2021 IST
Government has given a booster shot to the sector that contributes a near 30% GDP to the economy. The budgetary boost will surely give a fillip to the overall socio-economic growth agenda of the country. With nearly 63 million MSMEs in India employing about 111 million people, the increased allocation will support more job creation, export promotion and hopefully meet the desirable goal of upping their GDP contribution to 40% in the next 5 years.
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