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Milagrow World SME Conference 2009 stated how the MSME sector will be the second largest contributor in terms of GDP following your agriculture sector in the Indian economy. With the MSME's huge contribution, India has achieved 7.98 % GDP growth despite the slowdown. According to Associated Chambers of Commerce and Industry of India (ASSOCHAM), small, and medium enterprises (SMEs) are hoped for to contribute 22 % to India's GDP by 2012 up from current about 17 per cent.
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