World MSME Day - Plays a huge role in the economy!!!Every year 27
MSMEs in the worldAccording to the World Bank, about 90% of the businesses and more than 50% of the jobs worldwide are generated from MSMEs. Its share in the GDP of the whole world is 50%. At the same time, the contribution of MSME to the developing economy is up to 40 percent. Not only this, 7 out of 10 jobs in these countries are created in SMEs (Small & Medium Enterprises).
More than 95% of Micro Enterprises in IndiaNSSO (National Sample
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