As of December 2023, there are over 3 crore MSMEs registered in the country, according to government data.
Maharashtra, Tamil Nadu, and Uttar Pradesh collectively contribute nearly 40 per cent of all registered micro, small, and medium enterprises (MSMEs) in India.
Uttar Pradesh holds a 9 per cent share in the national MSME landscape.
The strategic opportunity for Indian MSMEs in the construction sector is contributing approximately 8 per cent to the GDP.