Short Answer Questions · Q5
Q.What are the different parameters used to measure the size of MSME?
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Start your 14-day free trial to unlock the full solution →Size can be measured by persons employed, capital invested or turnover; India uses investment in plant and machinery and turnover.
General parameters that can measure the size of a business unit
- Number of persons employed in the enterprise.
- Capital invested in the business.
- Turnover of the business.
What India actually uses
- The Government of India defines MSMEs on the basis of investment in plant and machinery and turnover.
- This measure is chosen deliberately because it suits India's socio-economic setting, where capital is scarce and labour is abundant. …
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