Federal finance and statistics / National Bureau of Statistics

SG SMEDAN Report Launch Presentation 2017

MSMES -CRITICAL FOR ECONOMIC GROWTH Micro, Small, and Medium Enterprises (MSMEs) play a significant role as the engine for economic transformation and industrialization for both developed and developing countries. Key benefits include: • Improved income re-distribution (low level capital required) • Increased job creation & skills development (particularly for youth, women, elderly) • Increased adoption of technology & innovation (competitiveness) • Industrial diversification • Stimulates local economy (demand down the value chain) Challenges: • Vulnerable to econ…