The share of the sector in total manufacturing output was even higher at 45 per cent2. Taking cognisance of the wider set of benefits that the sector offers to the rest of the economy, the Government has envisioned to increase its contribution to GDP to over 50 per cent in next few years as the country aspires for a ₹ 5 trillion economy3. 5.
As per the 73rd round of National Sample Survey (NSS) conducted during the period 201516, the estimated employment in MSME sector was around 11 crore. Within MSME sector, each of the three sub-sectors, namely, trade, manufacturing and other services accounted for about a third of total employment.