The Market

The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSMEs play a pivotal role in the overall industrial economy of the country. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession.
As per available statistics (4th Census of MSME Sector), this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45% of the manufacturing output and around 40% of the total export of the country.
India ranked second in terms of manufacturing competence, according to report '2010 Global Manufacturing Competitiveness Index', by Deloitte Touche Tohmatsu and the US Council on Competitiveness.
The engineering sector is the largest segment of the overall Indian industrial sector. The engineering industry accounts for 12 per cent of India's GDP.
India's infrastructure financing requirements and the new manufacturing policy being finalised will open up US$ 1 trillion opportunities for global investors over the next five years. The infrastructure sector accounts for 26.7 percent of India's industrial output.
The automobile industry currently contributes 22 per cent to the manufacturing GDP and 21 per cent of the total excise collection in the country.
The Indian auto component sector has been growing at 20 per cent a year since 2000 and is projected to maintain the high-growth phase of 15-20 per cent till 2015.
The Indian commercial aerospace market is estimated to absorb about 1,100 commercial jets worth US$ 130 billion over the next 20 years, making it one of the most lucrative markets for the global aviation majors,.
Steel industry is of great significance to the economic growth of the country. India has been ranked the world’s fifth largest producer of crude steel in 2009 and is projected to become the world’s second largest producer by 2015–2016, with a production volume of 54.5 million tonnes (MT).

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