Industrial Policy

MSMEs: Role, challenges, and initiatives

Role of MSMEs in the Economy

  1. MSMEs are the backbone of the Indian economy, contributing significantly to GDP and employment.
  2. They account for approximately 30% of India’s GDP and nearly 50% of exports.
  3. Provide employment to over 110 million people across various sectors.
  4. Promote entrepreneurship and innovation at grassroots levels.
  5. Support the development of rural and semi-urban areas through industrial growth.
  6. Contribute

Make in India, Start-up India

Make in India and Start-up India are flagship initiatives launched by the Government of India to boost industrial development, encourage entrepreneurship, and enhance economic growth. These programs aim to create a favorable business environment and make India a global hub for manufacturing and innovation.

Industrial Policy Resolutions: 1956, 1991

The Industrial Policy Resolutions of 1956 and 1991 were landmark policy frameworks that shaped the growth and structure of industries in India. These policies reflect the country's evolving approach to economic development, planning, and liberalization.

Industrial Policy