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Vision 2020: Implications for MSMEs


India is the fourth largest economy in the world (in PPP terms) and the second largest in developing Asia. By 2012, it is expected to overtake Japan to become the third-largest economy.

India accounts for 22 per cent of GDP, 33.8 per cent of population and 32.5 per cent of potential workforce in developing Asia.

In the next 10 years the country will add 120 million to the region’s workforce, accounting for 53 per cent of the incremental addition.

Its growth story is evident from the increased investment in infrastructure, abundant job opportunities in big and small cities, healthy balance sheets of companies and the heightened growth of consumerism.

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