Dr Ranjeet Mehta talks about India’s MSMEs and Economic landscape
PHDCCI CEO and Secretary General Dr. Ranjeet Mehta discusses MSMEs, predicts India becoming a $34 trillion economy by 2047, and shares insights on the rupee slide. .
PHDCCI CEO and Secretary General Dr. Ranjeet Mehta discusses MSMEs, predicts India becoming a $34 trillion economy by 2047, and shares insights on the rupee slide. .
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025-26, detailed the roadmap for India's continued economic expansion, placing emphasis on agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports.
The Economic Survey 2025 has highlighted challenges in the regulatory environment for the MSMEs. It said the regulatory compliance burden holds back formalisation and labour productivity, limits employment growth, chokes innovation and depresses growth.
Industry experts and leaders were of the opinion that India has all the qualities of becoming the leading manufacturing hub in the world and that we just need to respect natural resources and act with responsibility.
It is heartening to note that the Government of West Bengal has adopted a new kind of economic model since the last couple of years that is showing excellent, all-inclusive and sustainable results.
In order to further empower micro, small and medium enterprises (MSMEs) and ensure ease of doing business, there is a need to establish integrated infrastructure townships and universities to promote skill development and entrepreneurship training as well as to foster growth within the sector, Assocham said on Monday.
The total number of exporting micro, small and medium enterprises (MSMEs) increased considerably from 52,849 in 2020-21 to 1,73,350 in 2024-25, the government said on Monday.
The minister urged the industry to share specific issues they are facing in accessing bank credit, Goyal and said, “If we get that more specific feedback then we will be able to take it up with the bankers.”
The third annual Swavlamban event, organized by the Naval Innovation and Indigenisation Organisation, kicked off with an exhibition for innovators, startups, and MSMEs on Monday, at Bharat Mandapam here.
Thes enterprises make up more than 60 million of them, contributing to over 30 per cent of the nation’s GDP and employ more than 110 million people.
