|Consider the following statements regarding SME (small and medium enterprises) of India:|
|1. SME contribute the majority of Industrial production of India.|
|2. SME contribute towards majority exports of India.|
|3. NSE (National stock exchange) has an SME index but BSE (Bombay stock exchange) doesn't have the same. Which of the above statement are correct?|
A) 1, 2, 3
B) 2, 3
C) 1, 3
D) 1, 2
Correct Answer: D
Solution :[d] Both NSE and BSE have an SME platform. (BSE launched it recently) The micro, small and medium enterprises (MSME) segment contributes 8% to the country's GDP and its share in the country's manufacturing output is 45%. According to industry estimates, MSME employment can grow at 12% over the next decade to reach nearly 140 million workforce by 2020, contributing around 20% of the country's GDP by then.
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