Leading SMEs of India 2021

16 Classification Old MSME definitions Micro Small Medium Criteria Manufacturing Enterprises Investment < INR 25 lakh Investment < INR 5 crore Investment < INR 10 crore Investment in Pl ant & Machinery/Equipment Service Enterprises Investment < INR 10 lakh Investment < INR 2 crore Investment < INR 5 crore Classification Revised MSME definitions Micro Small Medium Criteria Manufacturing & Services Investment < INR 1 crore and Turnover <INR 5 crore Investment < INR 10 crore and Turnover <INR 50 crore Investment < INR 50 crore and Turnover <INR 250 crore Investment in Plant and Machinery or Equipment & Annual Turnover With the reclassification of MSMEs, an increased number of enterprises have been included to the MSME category which is expected to help them to grow in size without losing their entitled benefits. Besides, the key change in the definition is the exclusion of export income while arriving at the limits of turnover for any category of MSME units. MSMEs: The growth engines of the Indian economy MSMEs contribute a great deal to the Indian Economy monetarily as well as in terms of innovation. As per the data available with Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation, the share of MSME Gross Value Added (GVA) in All India Gross Domestic Product at current prices (2011-12) for the year 2018-19 and 2019-20 were 30.5% and 30.0% respectively. Also, one-third of total Manufacturing GVO (Gross Value Output) has come from the MSME sector during the period from 2014-15 to 2018-19. 29.34 29.48 29.25 29.75 30.27 28 29 30 31 2014-15 2015-16 2016-17 2017-18 2018-19 MSME's contribution in GDP (in %) Source: Annual Report 2020-21 issued by Ministry of Micro, Small and Medium Enterprises Dun & Bradstreet