New Delhi, Nov 22 (KNN) Micro Small and Medium Enterprises (MSMEs) sector figure claims that 4-5 lakh jobs have been added annually for the past three years.

While replying to a question in the Lok Sabha on Thursday, Union Minister for MSMEs, Nitin Gadkari, said the same.

As per the Gadkari, under the Prime Minister's Employment Generation Programme (PMEGP), the estimated employment generated (number of persons) in micro enterprises during the years 2016-17, 2017-18 and 2018-19 has been 4.08 lakh, 3.87 lakh and 5.87 lakh, respectively.

The data further reveals that around 4-5 lakh jobs were created every year, even during the demonetization year.

As per Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MOSPI) the share of MSME in India's GDP has also remained more or less the same in the last three years.

The share of MSME in All India GDP during 2015-16 and 2016-17 and 2017-18 has been 29.5 per cent and 29.3 per cent and 29.7 per cent, respectively.

Gadkari's while replying in Parliament quoted Directorate General of Commercial Intelligence and Statistics (DGCIS) report, where the share of MSME related products in total exports during 2016-17, 2017-18, 2018-19 and 2019-20 (Apr-Aug,2019) has been 49.69 per cent, 48.56 per cent, 48.10 per cent and 49.66 per cent, respectively.

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