MSMEs in non-metro grow by 22% in 2010-11: CRISIL

New Delhi, Sept 17 (KNN)  Global research company, CRISIL has revealed that the sales of micro, small and medium enterprises in non-metropolitan cities registered a steep growth of 22 per cent in 2010-11.

CRISIL’s analysis was based on the sales performance of 8,500 MSMEs from 2009-10 to 2011-12 during the financial year, April 1 to March 31.

However, during the year 2011-12, growth was recorded at 15.1 per cent.

With regard to the sales of MSMEs, in the 8 metropolitan cities of Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad, Ahmedabad and Pune they grew by 5.4 per cent in 2010-11. In the following year 2011-12, they registered a growth of 9.6 per cent.

MSMEs in the non-metro continued to perform well at a moderate speed despite high interest rates, inflation while the enterprises in the metro locations continued to move up from their relatively lower pace of growth owing to their locational advantage of being in a large market and seizing opportunities emerging in the service sector.