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Micro, Small and Medium Enterprises (MSMEs) play a pivotal role in the economic development of a developing country like India. These enterprises act as the backbone of the Indian economy, contributing significantly to employment generation, GDP, exports, and industrial output. As of recent estimates, MSMEs contribute around 30% to India’s GDP and employ over 110 million people, making them _________ ____ _________ ______ ____ ___ ____ _________ ______ __________ ____ ____.
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