MSME Job Count Surpasses 19 Crore, Doubles In Growth Since November 2022

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IamSMEofIndia Business Update

MSME Job Count Surpasses 19 Crore,
Doubles In Growth Since November 2022

The total number of jobs in India's micro, small and medium enterprises (MSME) sector have witnessed a remarkable surge, according to the latest data from the Udyam registration portal.

Over 4.4 crore MSMEs registered with the MSME Ministry have collectively reported an impressive 19.09 crore jobs, marking a significant milestone as the total job count crosses the 19-crore mark.

This figure represents more than a twofold increase from the 8.81 crore jobs reported in November 2022, highlighting the sector's resilience and its pivotal role in driving employment growth in the country.

Notable aspects of this job count include the inclusion of 4.27 crore women employees and 2.15 crore employees from enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017.

Since the launch of the Udyam registration portal by the government in July 2020, the job count has witnessed a remarkable 6.8-fold growth from the initial 2.8 crore jobs.

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