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Question
What is the role and significance of MSMEs in the Indian Economy?
Short Note
Solution
Entrepreneurship is the key to the economic development of any country. By empowering entrepreneurs, the MSME sector provides more employment opportunities to the people of India. It helps towards the industrialization of rural and backward areas. This sector reduces regional imbalance. It provides equality distribution of national income and wealth.
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Contribution of MSMEs to Indian Economy
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