Today, June 27, 2025, marks a significant day in the calendar of Micro, Small, and Medium Enterprises (MSMEs) in India. MSME Day is celebrated globally to recognize the immense contributions of these enterprises to the economy, innovation, and sustainable development.
Significance of MSME Day
MSMEs are the backbone of India’s economy, accounting for nearly 30% of GDP, 45.7% of exports, and employing over 20 crore people. They drive innovation, economic growth, and inclusive development, making them a vital part of the country’s progress.
Theme of MSME Day 2025
The theme for MSME Day 2025 focuses on “Enhancing the role of MSMEs as drivers of Sustainable Growth and Innovation.” This theme highlights the critical role MSMEs play in fostering positive transformation in India’s economic growth, innovation, and sustainability.
Key Facts About MSMEs in India
– Number of MSMEs: Over 7.4 crore MSMEs in India, with micro-enterprises accounting for over 99%.
– Contribution to Exports: MSMEs contribute significantly to India’s export earnings, with over 45% of total exports.
– Women-Owned MSMEs: Women-owned MSMEs account for 21.3% of Udyam Portal registrations, contributing 19.1% to MSME growth.
– Employment: MSMEs employ over 20 crore people, making them a vital source of livelihood for many Indians.
Government Initiatives and Support
The Indian government has launched several initiatives to support MSMEs, including:
– Revised MSME Classification: A revised classification system was introduced in April 2025 to better reflect the current business environment and MSME needs.
– Increased Formalization: Efforts to increase formalization and provide easier access to credit and broader market linkages.
– Flagship Initiatives: Several flagship initiatives are underway to support MSME growth, innovation, and sustainability.
Conclusion
MSME Day 2025 is an opportunity to recognize and celebrate the contributions of MSMEs to India’s economy. By empowering MSMEs through better policies, access to finance, and technology adoption, we can unlock their full potential and drive sustainable growth and innovation.
