Indian MSME sector to generate 2 lakh jobs by 2025
The Indian MSME sector, which currently employs around 1.2 crore people, is expected to generate over two lakh new jobs by 2025 across various sectors such as e-commerce, logistics, and supply-chain management, according to a report released on Thursday.News Arena Network - New Delhi - UPDATED: June 28, 2024, 01:50 AM - 2 mins read
The MSME ecosystem currently contributes over 33% to India's GDP and accounts for 62% of domestic employment.
Economy
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“As a consequence of ongoing increases in new order intakes, firms stepped up recruitment. The rate of job creation was sharp and the strongest seen since data collection started in March 2005. Staff expenses reportedly intensified in June, which coupled with rising material and transportation costs caused another overall increase in operating expenses,” the report noted.
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