MSME (Micro, Small and Medium Enterprises) Day 2024 was observed on June 27.
About MSME Day 2024:
- Theme: “Leveraging the Power and Resilience of MSMEs to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises”
Importance of MSME:
- MSMEs are critical for the global economy, accounting for 90% of businesses worldwide and 60-70% of global employment.
- They contribute to approximately 50% of the Gross Domestic Product (GDP) in most countries.
- Importance: MSMEs play a pivotal role in innovation, job creation, and promoting inclusive growth.
MSME and SDG:
- They are essential in achieving Sustainable Development Goal (SDG) 8 (decent work and economic growth) and SDG 9 (industry, innovation, and infrastructure), directly impacting sustainable development.
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