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This project provides a comprehensive data-driven analysis of the Micro, Small, and Medium Enterprises (MSME) sector in India. It explores key aspects such as MSME growth trends, economic contributions, employment generation, financial challenges, and gender-based entrepreneurship insights.
pradip-data/India-MSME-Dynamics
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This Power BI and Power Query project provides an in-depth analysis ofMSME (Micro, Small, and Medium Enterprises) Growth, Contribution, and Financial Challenges in India. The study explores MSME formalization, female entrepreneurship, manufacturing sector insights, employment trends, GDP contribution, and financial gaps.
- Udyam Registration Portal
- MSME Dashboard (Ministry of MSME)
- MSME Finance Gap
- Government Reports & Economic Surveys
- World Bank
- Industry Research on MSME Financial Gaps
- 📈 MSME Formalization: Growth inUdyam Registrations and digital inclusion.
- 👩💼 Women Entrepreneurs: Role of female-led businesses in MSME development.
- 🏭 Manufacturing Sector: Contribution ofMSMEs to GDP, employment, and industry.
- 🌍 Global MSME Comparison: How India compares to other countries infinancial inclusion and policy support.
- 📊 MSME Financial Gaps: Identifying funding challenges and access to credit.
Power BI (Data Visualization & Interactive Dashboards)
Power Query (Data Transformation & ETL Processing)
Excel / CSV (Data Storage & Preprocessing)
GitHub (Project Repository & Documentation)
Power Query played acrucial role in this project, enabling efficientdata extraction, transformation, and loading (ETL) before visualization in Power BI. Given thelarge and diverse data sources, Power Query was instrumental incleaning, reshaping, and preparing the dataset.
1️⃣Extracting Data from Multiple Sources
- Web Data Extraction: Direct connection to government websites such asUdyam Registration Portal andMSME Dashboard.
- PDF Files: Processed reports, research papers, and government documents.
- CSV Files: Integrated structured datasets from official sources.
- Excel Files: Merged and cleaned Excel-based data for further analysis.
2️⃣Data Transformation Techniques
- Unpivot Columns: Converted wide-format data into along format for better analysis.
- Custom Columns: Created calculated fields forfinancial gap analysis, gender-based MSME insights, and growth trends.
- Merge Queries: Combined multiple datasets, such asfinancial constraints vs. MSME type, to derive deeper insights.
- Append Queries: Stacked data fromdifferent years & sources into a unified dataset.
- Handling Missing Data: Appliedfill down, replace values, and remove errors techniques to clean datasets.
3️⃣Loading into Power BI Desktop
- The transformed data was seamlesslyloaded into Power BI Desktop for creatinginteractive dashboards.
- Data model optimization was performed usingrelationships between tables, ensuring ahigh-performance report.
Power Query's powerful ETL capabilities allowed fordynamic data integration, making this projectscalable, automated, and insightful for MSME analysis. 🚀
📁 India-MSME-Dynamics│── 📊 Power BI Dashboards│── 📜 README.md (Project Documentation)│── 📈 Data Insights & Reports│── 📁 Dashboard Images│── 📄 MSME_Data.csv
- Total MSMEs Registered (2020-2025): 56.62 million
- Micro: 31.16 million |Small: 0.73 million |Medium: 0.068 million
- Top 5 States with Highest MSME Registration: Maharashtra, Tamil Nadu, Uttar Pradesh, Rajasthan, Gujarat
- Women-Owned MSMEs: 39% (22.07 million)
- Total Female Labor Force: 141.25 million
- Top 5 States with Highest Female LFPR: Chhattisgarh, Sikkim, Himachal Pradesh, Arunachal Pradesh, Meghalaya
- Financial Condition of Women-Owned MSMEs (2017):
- Fully Constrained: 17.22%
- Partly Constrained: 12.43%
- Unconstrained: 70.35%
- Total Financial Gap in Women-Owned MSMEs (2017): $20.17 billion (0.76% of India's GDP)
- Total MSME Manufacturing Registrations: 11 million
- Employment in Manufacturing MSMEs: 11 million (30.36% of total manufacturing employment)
- Top 5 States with Highest MSME Manufacturing Registration: Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat, Rajasthan
- Focus Areas for Growth: Sectors with the lowest registrations (e.g., Remediation, Petroleum Extraction, Sewerage, etc.)
- MSME Sector Employment Growth:
- 2021-22: 35 million
- 2022-23: 46 million
- 2023-24: 97 million
- MSME Share in India's GDP:
- 2017-18: 29.70%
- 2022-23: 30.10%
- MSME Exports Contribution:
- 2019-20: 49.75% | 2023-24: 45.73%
- India’s MSME Potential Demand (2015): $369.52 billion (17.82% of India's GDP)
- Current Supply: $139.46 billion (6.73% of GDP)
- Financial Gap: $230.54 billion (11.10% of GDP)
- Micro Industry Financial Gap: $8.96 billion
- Small & Medium Industry Financial Gap: $221.11 billion
✅ Promote digital registration & support mechanisms for micro and small businesses.✅ Increase financial literacy programs for women entrepreneurs.✅ Encourage policies for gender-inclusive growth in MSMEs.
✅ Focus on underdeveloped subcategories (e.g., petroleum extraction, sewerage, mining support services).✅ Provide incentives for high-growth industries like food manufacturing and textiles.
✅ Increase financial inclusion programs to bridge the $230.54 billion financial gap.✅ Strengthen MSME lending initiatives with reduced interest rates and easier access to capital.✅ Encourage FinTech adoption for alternative lending solutions.
✅ Develop export-focused MSME clusters.✅ Support skill development programs for employment generation.✅ Improve infrastructure & supply chain efficiency to enhance competitiveness.
TheIndia-MSME-Dynamics project provides deep insights into the evolving landscape of Micro, Small, and Medium Enterprises (MSMEs), highlighting key trends in formalization, women entrepreneurship, manufacturing growth, and financial accessibility. By leveragingPower BI andPower Query, this project efficiently integrates data from diverse sources, transforming raw information into actionable insights. Moving forward, strengthening MSME digitalization, improving financial inclusion, and fostering innovation-driven policies will be crucial. With advanced analytics and data-driven strategies, MSMEs can enhance their global competitiveness, bridge financial gaps, and contribute significantly to India's economic growth. The future roadmap focuses on continuous data refinement, deeper industry collaborations, and dynamic policymaking to support sustainable MSME development.
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This project provides a comprehensive data-driven analysis of the Micro, Small, and Medium Enterprises (MSME) sector in India. It explores key aspects such as MSME growth trends, economic contributions, employment generation, financial challenges, and gender-based entrepreneurship insights.