J. Meghanath, Reserve Bank of India - 01

J. Meghanath, Deputy General Manager, Reserve Bank of India, Investors Meet for SMEs, Taj Krishna, Hyderabad, Andhra Pradesh. I would like to elaborate briefly about MSME sector. MSME-Development Institute offers a wide range of services for the Micro, Small and Medium Industrial sector in the State of Andhra Pradesh. MSME-DI, Hyderabad also helps enterprising persons realize their dreams of launching their own enterprises, thereby providing employment to others in Khadi & rural areas also. This accounts for a major share of industrial production. This improves the country’s economic condition. The growth & balanced development of other sectors to sustain the growth of Indian economy. The sector accounts to 45 % of the manufacturing output & 40% of the total exports of the country. This has registered a high growth also with 6000 products ranging from traditional to Hi-tech items.