Question

Which of the following. Is a significance of MSMEs for indian economy

Answer 1

Answer:

MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth.

Explanation:

Role of MSMEs in Indian Economy

MSMEs produce and manufacture a variety of products for both domestic as well as international markets. They have helped promote the growth and development of khadi, village, and coir industries. ... MSMEs have played an essential role in providing employment opportunities in rural areas.

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