NITI Aayog s report on ‘Achieving Efficiencies in MSME Sector through Convergence of Schemes’

Current Context: The NITI Aayog released a report titled “Achieving Efficiencies in MSME Sector through Convergence of Schemes”.

• It was launched on 15 January 2026 in New Delhi.
• The report was released by Dr. Arvind Virmani (Member, NITI Aayog) and B.V.R. Subrahmanyam (CEO, NITI Aayog).
• It was prepared by the Administrative Staff College of India (ASCI).
• The study reviewed 18 centrally administered MSME schemes covering credit, skill development, marketing, innovation, technology upgrades, and cluster development.
• Key recommendations include a central AI-powered portal, merging overlapping schemes, a dedicated MSME marketing wing, integration of cluster programmes, and convergence of skill training & innovation support.
• The report highlights that MSMEs contribute nearly 30% of India’s GDP, half of exports, and employ over 110 million people, so convergence will enhance efficiency, competitiveness, and growth.

Question:

Q.1 According to the report “Achieving Efficiencies in MSME Sector through Convergence of Schemes”, MSMEs contribute nearly what percentage to India’s Gross Domestic Product?
a) 30%
b) 25%
c) 50%
d) 40%

Answer: a) The report highlights that MSMEs contribute around 30% of India’s GDP.