Indian MSME - BIG-TOPICS.COM https://big-topics.com Small Archive of Big Topics on Everything Tue, 15 Feb 2011 11:33:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 MSME Sector was the Second-Largest Contributor to India’s GDP https://big-topics.com/2011/02/msme-contribution-india-gdp/ https://big-topics.com/2011/02/msme-contribution-india-gdp/#comments Tue, 15 Feb 2011 11:32:42 +0000 http://www.big-topics.com/?p=692 It was found that the MSME sector was the second-largest contributor to India’s GDP. Indian government planned to rise Rs. 1,000 crore for the development of SMEs in 2009. The sector provided about 80%-90% of employment to Indian population in 2009. MSMEs were found to have a share of 45% and 35% in production and […]

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]]> It was found that the MSME sector was the second-largest contributor to India’s GDP. Indian government planned to rise Rs. 1,000 crore for the development of SMEs in 2009. The sector provided about 80%-90% of employment to Indian population in 2009.

MSMEs were found to have a share of 45% and 35% in production and exports of the nation respectively. A discussion named ‘IT Solutions for MSMEs-Lip Service or Real Solutions’ was conducted which provided suggestions for serving the MSME sector. It revealed the need for understanding the market and providing indigenous and simple solutions which help in building confidence among MSMEs.

It was found that a contribution of 40%-50% of the economic activity was given by MSME sector. However, there were some manipulations and undeserved issues against the sector. There were some misplaced regulatory and business compulsions in the sector. These had to be avoided for enhancing the growth of MSMEs in Indian market.

According to a study by Associated Chambers of Commerce and Industry of India (ASSOCHAM), it was estimated that small and medium enterprises (SMEs) contribute 22% to India’s GDP by 2012. The contribution according to the study was 17% in 2009. The contribution to exports which was 40% then, was estimated to increase to 44% by 2012.

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]]> https://big-topics.com/2011/02/msme-contribution-india-gdp/feed/ 1 Know About CII Survey Highlights on Indian MSMEs https://big-topics.com/2011/02/cii-survey-indian-msmes/ Tue, 08 Feb 2011 08:42:12 +0000 http://www.big-topics.com/?p=678 The CII MSME survey was conducted including the responses from a wide range of industry groups and activities of the Micro, Small and Medium industry members of the CII throughout India. According to the CII MSME survey it was found that infrastructure development was one of the most important factor of the MSMEs in India. […]

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]]> The CII MSME survey was conducted including the responses from a wide range of industry groups and activities of the Micro, Small and Medium industry members of the CII throughout India. According to the CII MSME survey it was found that infrastructure development was one of the most important factor of the MSMEs in India. The infrastructure development includes set up of industrial estates and facilities such as power, road and others. About 81% of the surveyed respondents suggested that infrastructure development is the foremost important factor.

It was estimated that the next important factor was the simplification of labour laws which was promoted by 75% of the MSME respondents. It was followed by the promotion of innovation and cutting edge technology which was revealed by 58% of the MSME respondents.

The report revealed that the factors such as high cost of credit, procurement of raw material at a competitive cost and delayed payments in decreasing order of importance were responsible for the inhibition and growth of MSME sector. The high cost of credit was found to be the most important factor by about 79% of the MSME respondents, followed by procurement of raw material at a competitive cost by 64% of them and delayed payments by 55% of the respondents.

The benefits of the National Manufacturing Competitiveness Programmes (NMCP) schemes was availed by only 5 to 10% of the MSME respondents. However, the benefits were not availed by 60 to 70 % of MSME respondents. The study was also made on the concept of registration of the MSMEs under the MSMED Act 2006. The study revealed that 47% of the MSME respondents were registered and 30% were not registered.

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