Economics · Role of MSMEs
The Micro, Small, and Medium Enterprises (MSME) sector in India is often hailed as the 'engine of growth' primarily due to its significant contribution to which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Attracting large-scale Foreign Direct Investment
- 2Employment generation and export earnings✓
- 3Stabilizing commodity prices in the primary sector
- 4Generating high-value exports from large conglomerates
Correct answer
Employment generation and export earnings
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