The Elephant | Millions of Job in the MSME Sector

The Elephant | Millions of Job in the MSME Sector

The literal ‘elephant in the room’ that desperately needs to be addressed, the Micro Small Medium Enterprises sector is an upcoming sector in the industry, which will only grow. This sector has been a dynamic part of Indian industry and enterprise for much of our independent history, but it has never assumed more significance than now. MSME sector can be called the ‘kindergarten’ of the spirit of enterprise. It serves as an auxiliary branch to our vibrant large scale industry. The government has also recognized its importance, as it contributes-

·       8% of the country's GDP

·       45% of the country’s manufactured output

·       36 % of the country’s exports

 

The MSME sector does this with a considerably low capital investment than the large scale industry, all the while providing gainful employment to the rural and backward sections of India’s workforce. The potential of the MSME sector as a social equalizer in the country is huge and remains largely untapped.

In light of MSME’s rising, ineluctable importance to India’s growth story, ‘What After College’ (WAC) 2015 is conducting its 7^th session called ‘The Elephant | Millions of Job in the MSME Sector’ to throw this topic open to discussion, and help students know what this sector can mean to them.