The correct answer is d) All of the above.
MSMEs play a crucial role in Kerala’s economy by providing employment, contributing to exports, and promoting entrepreneurship.
MSMEs provide employment to a large number of people in Kerala. In 2018, MSMEs employed about 3.5 million people in Kerala, which is about 25% of the total workforce in the state. MSMEs also contribute significantly to Kerala’s exports. In 2018, MSMEs exported goods worth about $10 billion, which is about 40% of the total exports of Kerala. MSMEs also promote entrepreneurship in Kerala. In 2018, about 100,000 new MSMEs were registered in Kerala. This shows that MSMEs are a major source of employment, exports, and entrepreneurship in Kerala.
Here are some additional details about each of the options:
- Providing employment: MSMEs provide employment to a large number of people in Kerala. In 2018, MSMEs employed about 3.5 million people in Kerala, which is about 25% of the total workforce in the state. MSMEs provide employment in a variety of sectors, including manufacturing, services, and trade.
- Contributing to exports: MSMEs also contribute significantly to Kerala’s exports. In 2018, MSMEs exported goods worth about $10 billion, which is about 40% of the total exports of Kerala. MSMEs export a variety of products, including food products, textiles, and electronics.
- Promoting entrepreneurship: MSMEs also promote entrepreneurship in Kerala. In 2018, about 100,000 new MSMEs were registered in Kerala. This shows that MSMEs are a major source of employment, exports, and entrepreneurship in Kerala.