Share of Micro, Small and Medium Enterprises in the country's Gross Value Added (GVA) has increased from in 2020-21 to in 2022-23.

Question

Share of Micro, Small and Medium Enterprises in the country's Gross Value Added (GVA) has increased from in 2020-21 to in 2022-23.

1. A. 30.3%, 35.6%
2. B. 27.3%, 30.1% (Correct answer)
3. C. 35.1%, 38.2%
4. D. More than one of the above

Correct Answer

Option B — 27.3%, 30.1%

Detailed Solution & Explanation

The correct answer is 27.3%, 30.1%.

Key Points

• The share of Micro, Small and Medium Enterprises (MSMEs) in India's Gross Value Added (GVA) rose from about 27.3% in 2020-21 to about 30.1% in 2022-23, reflecting the sector's recovery after the COVID-19 pandemic.
• MSMEs are the second largest employer in India after agriculture, supporting over 11 crore jobs, and account for a large share of the country's manufacturing output and exports.
• Under the revised classification introduced by the Atmanirbhar Bharat package in 2020, MSMEs are defined by a composite criterion of investment and annual turnover, and the earlier distinction between manufacturing and service enterprises was removed.
• Registration is done through the Udyam Registration portal.

Exam Tip

• remember the sector's three headline contributions — roughly 30% of GDP/GVA, about 45% of exports, and 11 crore+ employment — as these three figures cover most MSME questions.

प्रश्न (हिन्दी में)

देश के सकल मूल्य वर्धित (GVA) में सूक्ष्म, लघु और मध्यम उद्यमों की हिस्सेदारी 2020-21 में ........ से बढ़कर 2022-23 में ........ हो गई है।

1. A. 30.3%, 35.6%
2. B. 27.3%, 30.1%
3. C. 35.1%, 38.2%
4. D. उपरोक्त में से एक से अधिक