Fastest Growing MSME's In India 2022

 

“Small things add up to Perfection. But Perfection is not a small thing.” 

We can correlate the recent developments of the Indian industrial sector. The growth of Micro Small and Medium Enterprises (MSME) has been a remarkable phenomenon. Industry experts were startled by the MSME rise exceeding all the predictions, which was generally chosen in crediting the key MNCs' performance to the industry's growth.

However, the recent COVID-19 pandemic that brought the entire world to a standstill, revealed a different picture altogether. The first to spring up with the boost of indigenous innovation, and versatile flexibility were the Micro Small and Medium Enterprises often referred as MSMEs.

Great resilience and intensity for improvement propelled the MSME surge with jaw-dropping statistics across the industrial skyline of one of the fastest-growing economies in the world. With around 36.1 million units throughout the geographical expanse of the country, MSMEs contribute approximately 6.11% of the manufacturing GDP and 24.63% of the GDP from service-based businesses.

The Indian MSME ministry projected a target to accelerate the GDP contribution from the MSMEs to an impressive 50% by 2025 as India scales the new height of becoming a $5 trillion economy. The MSMEs have contributed to around 45% of the collective exports from India to various locations across the globe.

With such interesting growth, modern MSMEs have contributed remarkably through their unique yet humble working methodologies. To understand them in greater depth, Insights Success has come up with the latest edition of “Fastest Growing MSMEs in India”, to explore the inside stories of their outstanding success and the strategies they adopted in rising higher.

We have covered some of the prominent MSMEs who have surged in challenging situations to emerge successful.

Flip on to have an inspiring reading experience.

Happy Reading!