President Droupadi Murmu has said that a strong Micro, Small and Medium Enterprises, MSME ecosystem is essential for the sustainable economic development of the country, as it is a strong pillar of the country’s economy. Addressing the International MSME Day function in New Delhi today, the President said the MSME sector is playing an important role in the progress of the country. She highlighted that the sector is contributing about 30 per cent to the country’s GDP, 36 per cent to the manufacturing sector and 45 per cent to exports. President Murmu said that the MSME sector not only contributes significantly to the country’s GDP but also promotes innovation at the grassroots level. She also said, the MSME sector creates employment opportunities in rural and backwards areas, and it also helps in the empowerment of weaker sections and inclusive development. President Murmu highlighted that the MSME sector is the second-largest job creator in the country after agriculture.

Micro, Small and Medium Enterprises form the backbone of both the Indian and global economy. By fostering entrepreneurship, generating employment and promoting inclusive development, MSMEs continue to drive economic transformation at the grassroots level. Globally, MSMEs represent the most dominant segment of the business ecosystem, accounting for nearly 90 per cent of enterprises and over 50 per cent of total employment. Recognising the critical role of MSMEs worldwide, the United Nations designated 27th June as International MSME Day in 2017. The theme for 2025 focuses on enhancing the role of MSMEs as drivers of Sustainable Growth and Innovation.