SME India

India has around 48 million Small, Medium businesses & contribute 45% of Countries industrial and 40% export output.
Employment in India by big business houses are 12.5 million, but SME employ 120 million individuals.
57.5 million are self- employed people.
The main reason for low SME contribution toward GDP is that a lot of firms stay small & unregistered to avoid taxes & regulations.
Financing s the biggest challenge & the lack of it is the main reason for SME going out of business.
At 48 million, India has the 2nd largest numerous of SME in the world. China leads with 50 million.

Leave a Reply

Your email address will not be published. Required fields are marked *