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  1. MOSPI released GVA data for India, and Bank of Baroda chief economist provided estimates for India.

Ministry of Statistics tracks MSME contribution to India's Gross Value Added

3 reports, 1 independent Updated Thu 00:00
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What happened

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The Ministry of Statistics and Programme Implementation is currently tracking the specific contribution of MSMEs to India's Gross Value Added. Previously, the Ministry of MSME stated that MSME contribution to gross value added was 31.1% for 2023-24, based on information from the Ministry of Statistics and Programme Implementation. Additionally, a June 2026 fact sheet reported that registrations on the Udyam and Udyam Assist platforms have been expanding.

From aninews.in

Why it matters

Some supportBrind's analysis of the reports

Small businesses constitute a very large part of the country’s economy. Tracking the MSME contribution to GVA provides insight into the structural health and growth of this critical segment of the Indian economy.

The Ministry of Statistics and Programme Implementation released GVA data for India, and Bank of Baroda chief economist provided estimates for India.

From aninews.in

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