Indian are classified according to Micro Small and Medium Enterprise (MSME) Act 2006 considering investment rations for manufacturing sectors and service sectors both it considers investment in plant and machinery. SME’s contribution towards Indian economy development is at large. The sector through more than 6000 products contributes about 8% to GDP besides 45% to the total manufacturing output and 40% to the exports from the country. The MSME sector consisting of 36 million units provides employment to over 80 million persons. SME’s are playing an important role in economy development and also for growth of India’s economy.
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