Indian MSMEs can create 1 crore jobs in 5 years, says report
As per the annual report 2017-18 of the Ministry of MSME, the sector contributed around 3.6 crore jobs (70 per cent) in the manufacturing sector
- Apr 9, 2019,
- Updated Apr 9, 2019 8:39 PM IST
India's MSME sector has the potential to create up to 1 crore new jobs in the next 4-5 years by focusing on developing the enterprises in certain segments through partial substitution of imports, a report has said.
The report by Nomura Research Institute (NRI Consulting & Solutions) on the country's micro, small and medium enterprises (MSMEs) said dedicated focus on developing MSMEs in select segments can create additional 75 lakh to 1 crore employment opportunities in the next 4-5 years through partial substitution of imports.
India's MSME sector has the potential to create up to 1 crore new jobs in the next 4-5 years by focusing on developing the enterprises in certain segments through partial substitution of imports, a report has said.
The report by Nomura Research Institute (NRI Consulting & Solutions) on the country's micro, small and medium enterprises (MSMEs) said dedicated focus on developing MSMEs in select segments can create additional 75 lakh to 1 crore employment opportunities in the next 4-5 years through partial substitution of imports.