New Delhi February 18, 2014:- CRISIL has analysed the growth performance of 3,850 micro, small and medium enterprises (MSMEs) rated by it across India from 2010-11 to 2012-13 (financial year April 1 to March 31). The analysis reveals the average sales for each enterprise of these.
CRISIL-rated MSMEs grew to Rs 2,505.30 lakh in 2012-13 from Rs 1,668.80 lakh in 2010-11, at a compound annual growth rate (CAGR) of 22.53 per cent.
The analysis further revealed enterprises in the agro- and food-processing sectors registered an impressive growth of 40 per cent – far outpacing the 22.53 per cent growth rate recorded by CRISIL-rated MSMEs across various sectors in India. The other industrial sectors in the CRISIL sample that recorded high growth are electrical components and equipment (26 per cent), chemicals (23 per cent) and construction (20 per cent), followed by textiles (19 per cent) and auto-ancillary and engineering/capital goods (18 per cent each).
Note: The analysis is based on the latest audited financial statements of CRISIL-rated MSMEs. Most enterprises finalise their audited financial by the end of the second quarter, after the closure of the financial year. CRISIL rates over 45,000 MSMEs in India. This fortnightly tracker presents to our readers insights on MSMEs, a key element of the Indian economy.Business Standard
