MSMEs backbone of economy & inclusive growth: President Murmu

President Droupadi Murmu has said that a strong Micro, Small and Medium Enterprises, MSME ecosystem is essential for the sustainable economic development of the country, as it is a strong pillar of the country’s economy. Addressing the International MSME Day function in New Delhi on Friday, the President said the MSME sector is playing an important role in the progress of the country. She highlighted that the sector is contributing about 30 per cent to the country’s GDP, 36 per cent to the manufacturing sector and 45 per cent to exports. President Murmu said that the MSME sector not only contributes significantly to the country’s GDP but also promotes innovation at the grassroots level. She also said, the MSME sector creates employment opportunities in rural and backwards areas, and it also helps in the empowerment of weaker sections and inclusive development. President Murmu highlighted that the MSME sector is the second-largest job creator in the country after agriculture.

सूक्ष्म, लघु और मध्यम उद्यम न केवल देश के सकल घरेलू उत्पाद में महत्वपूर्ण योगदान देते हैं, बल्कि वे जमीनी स्तर पर नवाचार को भी बढ़ावा देते हैं। ये उद्यम रोजगार सृजन के साथ-साथ सामाजिक समावेश को भी संबल प्रदान करते हैं। pic.twitter.com/zIYqWZw3C5

— President of India (@rashtrapatibhvn) June 27, 2025

President Murmu also welcomed the increasing participation of women in the MSME sector. She said that the involvement of more women in entrepreneurship is essential for the holistic development of the country. Urging young women to take up enterprise and become self-reliant, she added, “This is the time for young women to lead from the front.” MSMEs represent the most dominant segment of the business ecosystem, accounting for nearly 90 per cent of enterprises and over 50 per cent of total employment. Recognising the critical role of MSMEs worldwide, the United Nations designated 27th June as International MSME Day in 2017. The theme for 2025 focuses on enhancing the role of MSMEs as drivers of Sustainable Growth and Innovation.