CRISIL has analysed the growth of 3,850 micro, small, and medium enterprises (MSMEs) across India, rated by it between 2010-11 and 2012-13 (refers to the financial year April 1 to March 31). The analysis reveals that the sales of these CRISIL-rated MSMEs grew at a compound annual growth rate (CAGR) of 22.53 per cent during this period. In absolute terms, average sales per enterprise grew from Rs 1,668.80 lakh in 2010-11 to Rs 2,505.30 lakh in 2012-13.
The four northern states of India – namely Delhi, Punjab, Rajasthan, and Haryana – lead this MSME growth story. The analysis further revealed that MSMEs from the agro-processing sector are key contributors, enabling excellent growth in these four states. The impressive growth of 68 per cent recorded by these enterprises in the agro-processing sector far outpaces the 22.53 per cent growth rate recorded by CRISIL-rated MSMEs across various sectors in India.