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India's 64 million MSMEs, employing 110 million people and contributing 27 per cent to the country's GDP, face growth hurdles due to inadequate access to timely and affordable finance
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India's MSME sector continues to struggle with challenges such as delayed payments, crippling debt, and bureaucratic red tape, stifling growth and innovation
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Can India's MSMEs overcome bureaucratic hurdles and other challenges to become competitive players in the global manufacturing landscape, or will they remain trapped in a cycle of unfulfilled potential?
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MSMEs are seizing the opportunity to expand globally, with popular export categories including handicrafts, home décor and fashion
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Experts say that the exclusion of micro, small and medium enterprises (MSMEs) from the government's internship scheme is likely to hit job creation and skill development
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In India, small businesses face significant safety and data security risks like cyber threats, such as phishing, malware and ransomware
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The government should delay implementation and help the industry prepare. Without support, most MSMEs may struggle to comply and be forced to close, says GTRI
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The heavy reliance on Chinese imports is eroding the market share and survival of Indian micro, small and medium enterprises (MSMEs)
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In India, many women-led MSMEs lack sufficient collateral to secure loans, making it difficult for them to meet the stringent requirements of formal financial institutions
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On budget 2024-25, experts say that there is still room for improvement, especially in reducing compliance burdens on MSMEs. Further measures could boost their operational efficiency and growth potential
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