Employment generation
Regional development
Exports
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: d) All of the above
Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in Andhra Pradesh’s economy, contributing to employment generation, regional development, and exports.
- Employment generation: MSMEs are the largest employers in Andhra Pradesh, accounting for over 90% of the state’s workforce. They provide employment to people from all walks of life, including women, youth, and the disabled.
- Regional development: MSMEs are a major driver of regional development in Andhra Pradesh. They help to create jobs, improve infrastructure, and promote economic growth in rural and backward areas.
- Exports: MSMEs are also a major contributor to Andhra Pradesh’s exports. They export a wide range of products, including textiles, garments, leather goods, and electronics.
In conclusion, MSMEs play a crucial role in Andhra Pradesh’s economy. They contribute to employment generation, regional development, and exports.