where is the headquarter of the small industries development bank of india
Small Industries Development Bank of India Small Industries Development Bank of India (SIDBI) is a development financial institution in India headquartered at Lucknow. Set up on April 2, 1990 through an Act of Parliament, SIDBI acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprises (MSME) sector and for co-ordination of functions of institutions engaged in similar activities.[1] SIDBI is active in the development of Micro Finance Institutions, rural enterprises promotion, direct assistance to MSEs and increasing and supporting the money supply to the MSE sector through its refinance programme.[2]
Economy of India India has one of the fastest growing service sectors in the world with an annual growth rate above 9% since 2001, which contributed to 57% of GDP in 2012–13.[41] India has become a major exporter of IT services, Business Process Outsourcing (BPO) services, and software services with $154 billion revenue in FY 2017.[42][41] This is the fastest-growing part of the economy.[43] The IT industry continues to be the largest private-sector employer in India.[44][45] India is the third-largest start-up hub in the world with over 3,100 technology start-ups in 2014–15[46] The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013–14). India ranks second worldwide in farm output.[47] The industry (manufacturing) sector has held a steady share of its economic contribution (26% of GDP in 2013–14).[48] The Indian automobile industry is one of the largest in the world with an annual production of 21.48 million vehicles (mostly two and three-wheelers) in 2013–14.[49] India had $600 billion worth of retail market in 2015 and one of world's fastest growing e-commerce markets.[50][51]