MSEs contribute 8.72 p.c. to GDP

NEW DELHI, INDIA: The contribution of Micro and Small Enterprises (MSEs) to Gross Domestic Product (GDP) and total industrial production was estimated to be 8.72 per cent and 44.86 per cent respectively during the year 2008-09, said the Union Cabinet Minister for Micro, Small and Medium Enterprises (MSME), Virbhadra Singh in a written reply to a question in the Rajya Sabha on Monday.

The figures was based on the data of GDP published by Central Statistical Office.

The Minister in a statement said that the estimated contribution of MSMEs in total exports of the country for the year 2007-08 (latest available), based on data obtained from Export Promotion Councils, was 30.80 per cent.

Enterprise-wise data collected on Micro, Small and Medium Enterprises (MSMEs) during the 4th All India Census of MSMEs: 2006-07 indicate that out of 15.64 lakh registered enterprises, entrepreneurs belonging to Other Backward Classes owned 5.99 lakh enterprises (38.28 per cent) while Scheduled Castes and Scheduled Tribes entrepreneurs owned 1.19 lakh(7.6 per cent) and 0.45 lakh (2.87 per cent) enterprises respectively.

The socially backward classes of the society together owned 48.75 per cent of the MSMEs. The women entrepreneurs also owned 2.15 lakh enterprises (13.72 per cent). The above data suggests that the MSME growth is inclusive, said press statement.