Economics · Industry and Infrastructure
Consider the following statements regarding the MSME sector in India: Statement I: 'Labour intensity in the micro and small enterprises sector is estimated to be significantly higher than in large enterprises.' Statement II: 'In the fiscal period around 2012-2013, the MSME sector contributed approximately 7.3 percent to India's total GDP and about 37.5 percent to the manufacturing output.' Which of the following assessments is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are false
- 2Both Statement I and Statement II are true✓
- 3Only Statement II is true
- 4Only Statement I is true
Correct answer
Both Statement I and Statement II are true
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