Ease of doing enterprise for MSMEs: Tamil Nadu has remained the highest state in India with the utmost variety of factories together with micro, small and mid-sized models adopted by Gujarat, Maharashtra, Andhra Pradesh, and Uttar Pradesh within the top-five bracket on a listing of 36 states and union territories throughout India, in accordance with the Reserve Bank of India’s (RBI) seventh version of its annual report Handbook of Statistics on Indian States 2021-22.
The report, launched by the RBI on November 19, covers sub-national statistics on socio-demographics, state home product, agriculture, worth and wages, {industry}, infrastructure, banking and financial indicators throughout Indian states over varied time durations starting from 1951 to 2021-22.
According to the most recent (2019-20) information within the report sourced from the Ministry of Statistics and Programme Implementation’s Annual Survey of Industries (ASI), Tamil Nadu had 38,837 factories, up 45 per cent from 26,790 factories as of 2009-10 and 1.85 per cent from 38,131 factories as of 2018-19. In comparability, Gujarat had 28,479 manufacturing unit rely, rising at a quicker price of 82 per cent from 15,576 as of 2009-10 and 6 per cent from 26,842 as of 2018-19. Maharashtra, Andhra Pradesh and Uttar Pradesh had 25,610, 16,924, and 16,184 factories as of 2019-20.
Importantly, out of all India rely of two,46,504 factories as of 2019-20, which jumped by 55 per cent from 1,58,877 as of 2009-10, Tamil Nadu had a share of 15.7 per cent vis-a-vis 11.5 per cent share of Gujarat, 10.3 per cent of Maharashtra, 6.8 per cent of Andhra Pradesh, and 6.5 per cent of Uttar Pradesh.
The southern state of Tamil Nadu has a diversified manufacturing sector and options among the many leaders in a number of industries like vehicles and auto elements, engineering, prescribed drugs, clothes, textile merchandise, leather-based merchandise, chemical compounds, plastics, and so forth., in accordance with India Brand Equity Foundation. The state ranks first among the many states by way of the variety of factories and industrial staff and its gross state home product (GSDP) is estimated to be $320.27 billion in 2022-23, rising a CAGR of 11.27 per cent between 2015-16 and 2022-23.
Regions with the least presence of manufacturing unit models have been Ladakh with solely three factories, Andaman & Nicobar Islands with 15 models, Sikkim with 84 models, Arunachal Pradesh with 116 models, Meghalaya with 158 models, and so forth.
However, industry-wise, the central financial institution cited information from the MSME ministry, primarily based on the National Sample Survey (NSS) 73rd spherical performed in 2015-16, that estimated 6.33 crore models throughout the nation. The MSME unit rely had elevated 75 per cent from 3.61 crores as per the earlier (fourth) all-India census of MSMEs undertaken by the federal government throughout 2006-07. Out of 6.33 crore MSME models, 1.96 crores have been within the manufacturing section whereas 2.30 crore have been in buying and selling models and a couple of.06 crore have been in different providers.
