Question
Consider the following statements about the MSME sector
in India as per Union Budget 2025–26: The MSME sector accounts for approximately 45.7% of India’s total exports. There are over 6.5 crore registered MSMEs in India. MSMEs employ more than 25 crore people. The revised MSME classification criteria have raised investment limits by 2.5 times and turnover limits by 1.5 times. Which of the above statements is/are correct?Solution
Explanation:
- Statement 1 is correct — MSMEs contribute ~45.7% of India’s exports.
- Statement 2 is incorrect — the registered MSMEs are 5.93 crore, not 6.5 crore.
- Statement 3 is correct — MSMEs employ over 25 crore people.
- Statement 4 is incorrect — turnover limits have been raised by 2 times, not 1.5 times
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