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.
The Minister said the budget has allocated Rs 1.48 lakh crore specifically for education, employment, and skilling, underscoring the government's commitment to these vital areas.
According to the MSME Department, about 22 lakh new entrepreneurs will be created only through this scheme.
It highlighted the success of the Udyam Registration portal that has received 4.69 Crore registrations as of 5 July 2024, playing an instrumental role in formalising MSMEs by providing a simple, online, and free registration process based on self-declaration.
Giving an impetus to the government's vision of 'Aatmanirbhar Bharat', (DRDO) has awarded seven new projects to industries under the Technology Development Fund scheme for various requirements of the armed forces and aerospace & defence sectors.
Accusing Prime Minister Narendra Modi of systematic “bludgeoning” of micro, small and medium enterprises (MSMEs) and informal businesses, Congress leader Jairam Ramesh on Wednesday alleged the policies of his government proved an economic "catastrophe" for the country.
