📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Business
Karnataka MSMEs employ 23 million people, contribute 8.3% to state GSDP, says Chief Secretary
✍️ The Economic Times
🗓 29 Aug 2026, 07:36 PM
👁 28
Chief Secretary K. Shashikala highlighted that micro, small and medium enterprises in Karnataka provide jobs to 2.3 crore workers and generate 8.3% of the state's gross domestic product.
The Chief Secretary of Karnataka, K. Shashikala, told The Economic Times that the state’s micro, small and medium enterprises (MSMEs) collectively employ about 23 million people, making them one of the largest sources of jobs in the region.
According to the official data cited, MSMEs contribute roughly 8.3% to Karnataka’s Gross State Domestic Product, underscoring their role in the state’s economic growth and diversification.
The figures reflect the sector’s resilience amid broader economic challenges, and the administration plans to strengthen support mechanisms, including credit access and skill development, to sustain and expand this contribution.
Policy makers view the MSME segment as a critical engine for inclusive growth, especially in semi‑urban and rural areas where large‑scale industries are limited.
Further details on specific initiatives are expected to be released in the upcoming state budget session.
According to the official data cited, MSMEs contribute roughly 8.3% to Karnataka’s Gross State Domestic Product, underscoring their role in the state’s economic growth and diversification.
The figures reflect the sector’s resilience amid broader economic challenges, and the administration plans to strengthen support mechanisms, including credit access and skill development, to sustain and expand this contribution.
Policy makers view the MSME segment as a critical engine for inclusive growth, especially in semi‑urban and rural areas where large‑scale industries are limited.
Further details on specific initiatives are expected to be released in the upcoming state budget session.