Exports of MSME products rise 7.5% in 2017-18

Share of MSMEs in GDP at current prices has been 28.9% in 2016-17

The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME in the Lok Sabha. The Minister further informed that the growth had been - 5.9%, and 4.8% during 2015-16 and 2016-17 respectively.

The value of exports of MSME related products have been US$ 130.769 billion in 2015-16, US$ 137.069 billion 2016-17, US$ 147.39 billion 2017-18, US$ 78.52 billion in 2018-19 (till September 2018).

The Government of India has taken several measures to improve competitiveness of Indian industry and to boost exports. These include efforts taken under National Manufacturing Competitiveness Programme, Make in India initiatives, Ease of Doing Business, improvement in infrastructure and logistics, improved availability of credit, awareness programs and workshops, Merchandise Exports from India Scheme (MEIS), Interest Equalisation Scheme on Pre & Post Shipment Rupee Export Credit and Niryat Bandhu Scheme.

The share of MSMEs in Gross Domestic Product at current prices has been 29.7% in 2014-15, 29.2% 2015-16 and 28.9% in 2016-17. As per the 73rd Round of National Sample Survey (July 2015 - June 2016), conducted by the Ministry of Statistics & Programme Implementation, 1109.89 lakh persons were employed in unincorporated non-agricultural MSMEs, excluding construction.

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