Small is big: 48 mn micro enterprises employ 111 mn people | union-budget$budget-in-numbers | Hindustan Times
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Small is big: 48 mn micro enterprises employ 111 mn people

India’s reforms story is as much a triumph of the country’s small and tiny enterprises as it is about mega conglomerates. Put together, these small estimated 48 million small enterprises employ more about 111 million people.

union budget Updated: Feb 28, 2016 19:41 IST
HT Correspondent
Charting the growth of micro, small and medium enterprises.
Charting the growth of micro, small and medium enterprises. (Shutterstock)

India’s reforms story is as much a triumph of the country’s small and tiny enterprises as it is about mega conglomerates.

Put together, these estimated 48 million small enterprises employ about 111 million people.

The sudden jump in 2006-2007 was caused by a change in definition of micro, small and medium enterprises through the MSMED Act in 2006. Read more on this here .

For more such charts click here.

Charts by Harry Stevens, Research by HT Business Desk