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The purpose of AIMO is to encourage dialogue and partnership among various
stakeholders of the MSME ecosystem for promoting innovation and knowledge
sharing on MSME related issues. AIMO also aims to bridge the last mile
connectivity between the Government and the MSME’s towards the implementation of
the numerous schemes , AIMO has a national footprint of Micro, Small & Medium
Enterprises (MSME’s ) and the MSMEs in the Services Sector which is the most
vibrant and dynamic sector promising high growth potential for the Indian
economy.

There are close to 51 million MSME units in the country that employ about 117
million people across various sectors, constituting 40% of the workforce. The
MSME share to the total Gross Domestic Product (GDP) is about 37% and they also
contribute to 43% of exports based on the data maintained by Ministry of
Commerce. The value of Micro Small and Medium Enterprises (MSME) related
products exported during 2017-18 reached US$ 124.4 bn as per data from the
Directorate General of Commercial Intelligence and Statistics (DGCIS).

Most economies, particularly those of developing countries like India, march on
the shoulders of small businesses, especially those involved in providing
services. India’s GDP composition, according to multiple sources, is as follows:
Agriculture: 16%; Industry: 26%; Services: 58%. In other words, the Services
sector contributes more to India’s economy than the other two sectors combined. 

Not only is the Services sector the largest contributor to the Indian economy,
it has also been the fastest growing among the three. Compared to its
contribution of 58% to the economy today, the Services sector contributed only
33% in 1950s. Not only do these Services MSMEs contribute mightily to the
overall GDP growth, they have a powerful, multiplier impact on the local
economies.

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