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.
India’s small businesses have shown tremendous growth as the number of jobs reported by micro, small and medium enterprises registered on the government’s Udyam portal has crossed the 15 crore-mark.
On Tuesday, the long-awaited Mediation Bill 2021 was finally enacted by Rajya Sabha. It is anticipated that mediation legislation will provide relief to industry, business, and families from the delays of courts in resolving disputes, or in the parlance of legal luminaries, litigation. The mediators assert that only disputes are brought to them.
The DLI Scheme is implemented by C-DAC. Under the DLI Scheme, ChipIN centre has been set up at C-DAC as one stop centre to provide chip design & fabrication services to supported companies.
The relief provided under this scheme is in continuation of the efforts of the government in promoting and sustaining the MSME sector.
The Indigenous 5G Test Bed was dedicated to the nation by Prime Minister Narendra Modi on 17 May 2022.
