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Financing Sustainable Production among MSME Clusters, Experiential Learning and Policy Recommendations

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Financing Sustainable Production among MSME Clusters, Experiential Learning and Policy Recommendations
Type: Report
Year: 2016
Language: English
Country: India
This publication has been produced under the Project “Scaling up Sustainable Development of MSME Clusters in India” with the financial assistance of the European Union.

Manufacturing in the Micro, Small and Medium Enterprise (MSME) sector plays a major role in the Indian economy contributing to 8 percent of the country’s GDP, 45 percent to manufacturing sector output and 40 percent to India’s total manufactured exports. According to the annual report (2012-13) of Ministry of MSME, there are about 44 million MSMEs in India employing over 100 million people and is the second largest employer in India after agriculture. There are over 7,000 products, ranging from traditional to high-tech, that are manufactured by Indian MSMEs today.