India MSMEs exports up by 7.5%!
GoI
has taken several measures
to
improve competitiveness of Indian industry
The
growth of exports of products manufactured by MSME units has been 7.5%, during
the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for
the Ministry of MSME, in the Lok Sabha. The Minister further informed that the
growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively.
Giriraj
Singh added that as per the information received from Directorate General of
Commercial Intelligence & Statistics, the value of exports of MSME related
products have been USD 130768.70 Million, USD 137068.80 Million, USD 147390.08
Million, USD 78519.91 Million during the financial year 2015-16, 2016-17,
2017-18 and 2018-19 (till September, 2018), respectively.
He
also stated that the Government of India has taken several measures to improve
competitiveness of Indian industry and to boost exports. These include efforts
taken under National Manufacturing Competitiveness Programme, Make in India
initiatives, Ease of Doing Business, improvement in infrastructure and
logistics, improved availability of credit, awareness programs and workshops,
Merchandise Exports from India Scheme (MEIS), Interest Equalisation Scheme on
Pre & Post Shipment Rupee Export Credit and Niryat Bandhu Scheme.
In reply to another
question the Minister said as per the information received from Central
Statistics Office, the share of MSMEs in Gross Domestic Product at current
prices has been 29.7%, 29.2% and 28.9%, during the financial year 2014-15,
2015-16 and 2016-17, respectively.
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