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Share of MSME sector recovered to 30% in India’s GDP but still below pre-Covid levels: Govt data
Update / Judgement Date
25 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
India's MSME sector has rebounded to contribute 30% to the country's GDP, but this is still below pre-COVID levels. Government data reveals that while the sector has shown improvement, it has not yet reached its previous highs. The recovery is seen as positive, but challenges remain in fully regaining its former economic impact. The government is expected to continue supporting the MSME sector to enhance its role in the economy.