Share of manufacturing MSMEs GVA in total manufacturing GVA India FY 2019-21
In the financial year 2021, manufacturing-based micro, small and medium enterprises (MSMEs) held around 38 percent share of all of India's manufacturing gross value added. This was a slight decrease from the previous financial year despite the government's various schemes to boost the MSME sector, such as Make in India, Atmanirbhar Bharat, Prime Minister’s Employment Generation Programme (PMEGP), and Micro and Small Enterprises-Cluster Development Programme (MSE-CDP), to name a few.