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What is the primary contribution of Small and Medium Enterprises (SMEs) to India's economy?
  • a)
    They contribute to approximately 10% of India’s GDP.
  • b)
    They account for nearly 30% of India’s GDP.
  • c)
    They are responsible for 48% of India's total exports.
  • d)
    They provide jobs for over 50 million people.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary contribution of Small and Medium Enterprises (SMEs...
Small and Medium Enterprises (SMEs) contribute approximately 30% to India's GDP. This significant contribution underscores the importance of SMEs in driving economic growth, enhancing industrial productivity, and generating employment. In fact, these enterprises not only provide jobs for over 110 million people but also play a crucial role in the export sector, which is vital for India's global trade. Understanding the impact of SMEs is essential for fostering a balanced and inclusive economic environment.
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What is the primary contribution of Small and Medium Enterprises (SMEs) to India's economy?a) They contribute to approximately 10% of India’s GDP.b) They account for nearly 30% of India’s GDP.c) They are responsible for 48% of India's total exports.d) They provide jobs for over 50 million people.Correct answer is option 'B'. Can you explain this answer?
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