Small and medium businesses play a vital role in the growth of the nation’s economy. MSMEs contributed 30.1% to India’s GDP through Gross Value Added (GVA) in 2022-23, with a 45.73% share in exports for 2023-24. Apart from a seminal contribution to the overall GDP and exports of the country, MSMEs also create employment opportunities for millions of Indians.While MSMEs remain a...
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