Economics · Indian Industry and MSMEs
Consider the following statements regarding the revised MSME classification in India: 1. MSMEs are classified composite-wise based on both investment in plant & machinery and annual turnover criteria. 2. The revised classification maintains a strict distinction between manufacturing and service enterprises. 3. An enterprise with an investment exceeding ₹50 crore or a turnover exceeding ₹250 crore moves out of the MSME category into a large enterprise. 4. The revised MSME definition successfully eliminates the distinction between manufacturing and services sector criteria. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3 only
- 21, 2 and 3 only
- 31 and 4 only
- 41, 3 and 4 only✓
Correct answer
1, 3 and 4 only
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