Share of Micro, Small and Medium Enterprises in the country's Gross Value Added (GVA) has increased from_______ 2020-21 to_______ in 2022-23.
Detailed Explanation:
MSMEs (Micro, Small and Medium Enterprises) contribution to India's Gross Value Added (GVA) increased from 27.3% in 2020-21 to 30.1% in 2022-23, as per Ministry of Statistics & Programme Implementation (MoSPI) data.
MSME classification criteria: Micro (Investment ≤ ₹1 crore, Turnover ≤ ₹5 crore), Small (Investment ≤ ₹10 crore, Turnover ≤ ₹50 crore), Medium (Investment ≤ ₹50 crore, Turnover ≤ ₹250 crore).
Question 3 of 11 Business & Economy
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