Role of MSME sector in Indian Economy. The MSME sector playing a very pivotal role in Indian Economy by increasing manufacturing, creating jobs and enhancing country's export. The MSME sector has been proved very crucial for enhancing the Indian economy. It is providing jobs to unemployed people, developing the backward and rural areas and decreasing the income inequality by distributing the national income to rural and semi urban areas. Let's, first understand the MSME new definition. MSME stands for micro, small and medium enterprises. The classification is based on investment in plants and machinery or equipments and annual turnover. So micro enterprises are those enterprises having investment in plants and machinery or equipments is not more than 1 crore and annual turnover is not more than 5 crores. The small enterprises are those enterprises having investment in plants and machinery or equipments is not more than 10 crores and annual turnover is not more than 50 crores. ...
Aryavart Geopolitics strategically analyse the recent national and international events from India's point of view.