MSMEs may have potential to create 1 cr jobs in 5 years


Despite the recent sluggishness in demand, India remains an attractive consumption-oriented market with the growth of the middle class and rising disposable income. However, only 15% of what is consumed in India is made by the domestic manufacturing industry, limiting the country’s ability to create employment opportunities, said NRI Consulting, an affiliate of Nomura Holdings.

It said that micro small and medium enterprises (MSME), if nurtured well, can bridge the gap and create one cr ..

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