MSME Sector

According to Fisme, the Indian banking system operates under conditions of monopolistic competition, with high switching costs giving banks significant market power over borrowers, particularly MSMEs

Adoption of Artificial Intelligence (AI) in India's 64 million Micro, Small and Medium Enterprises (MSMEs) alone could unlock over USD 500 billion in economic value, but the country must pivot from an "adopt-first" to an "invent-first" mindset to realise this potential, according to a new report. The report, titled "India's Triple AI Imperative: Succeeding with AI in India", released by Boston Consulting Group (BCGX) and Federation of Indian Chambers of Commerce & Industry (FICCI), noted that while India has one of the world's fastest-growing AI markets, it faces significant gaps in deep innovation and value realisation. BCG X is the technology build, design, and innovation arm of Boston Consulting Group (BCG). "A particularly untapped opportunity lies in India's 64 million MSMEs. AI adoption in this segment alone could unlock over USD 500 billion in economic value, through productivity gains, cost savings, and improved access to credit," the report stated. However, the findings ..

Odisha has emerged as the most attractive state in India for micro, small, and medium enterprises, Chief Minister Mohan Charan Majhi said here on Sunday. Addressing the valedictory function of the Odisha Industry Conclave-2025, Majhi said his government is committed to making the dreams of four and a half crore people of Odisha a reality. Since the BJP came to power in 2024, the government has taken several steps to promote industrial development in Odisha, he said. Under our 'Go Swift Single Window' system, projects are being approved not in months but in a single day. This year, 6.1 per cent of our state's GDP has been invested in infrastructure, which is the highest in India, he said. Noting that the 'Laghu Udyog Bharati' has a significant role to play in the journey of industrialisation in the state, he said the efforts of this institution in supporting more than 980 industrial units, creating employment, facilitating entrepreneurs and contributing to the goal of a self-reliant

The state aims to lower land costs and boost private investment through a plug-and-play model, lease-rental options and expanded industrial land banks

A joint WCO-ICC-WTO report says awareness gaps, procedural complexity and uneven benefits still limit MSME participation despite recent improvements

The Indian Industries Association (IIA) will host International Tourism & Hospitality Expo (ITH Expo 2025) in Varanasi from December 18 to19

Industry body Assocham recommends single-window clearances, graded penalties, and simplified filings to reduce red tape and empower MSMEs across states

Stress in consumer loans may be reducing as collections are improving in the rural B2C segment

Commerce Minister Piyush Goyal said India will not compromise on sensitive sectors like dairy and MSMEs in its proposed trade pact with New Zealand, where talks have seen major progress

Micro, small and medium enterprises (MSMEs) in India are facing structural challenges like limited access to formal credit, which is impairing their productivity, but their digital readiness remains a bright spot, a Deloitte India report said on Wednesday. MSMEs in India contribute nearly 30 per cent to GDP, and account for 45 per cent of exports and provide livelihoods to over 240 million people. The study shows that despite exhibiting a significantly higher degree of digital readiness than OECD peers, Indian MSMEs operate at just 18 per cent of large-enterprise productivity compared with 45-70 per cent in OECD economies. This gap limits their competitiveness compared to global counterparts. Deloitte India Economist Rumki Majumdar said India's MSME space is marred by several structural and persistent challenges, including limited access to formal credit, outdated technology, regulatory complexity and infrastructure bottlenecks. The credit gap is estimated at Rs 30 lakh crore or a

While sales sentiment softened modestly in the July-September quarter, 50 per cent of trading and 47 per cent of manufacturing MSMEs reported positive growth

The Centre is finalising a reform package to reduce costs, improve logistics efficiency, and strengthen innovation in the MSME sector, which contributes 30 per cent to India's GDP

The bank is also expanding digital offerings, growing its credit card base, and re-entering the West Asian market with plans to reopen its Dubai office, said Ashok Chandra

The proposal was made at a meeting convened by the central bank's Financial Inclusion and Development Department (FIDD) last week to address issues facing the MSME sector from the impact of 50%

Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje on Friday said the MSME sector is contributing 40 per cent to the country's total production volume and exports. Speaking after inaugurating the MSME Marketing Summit organised by NSIC (National Small Industries Corporation Ltd) and KASSIA (Karnataka Small Scale Industries Association) here, the minister said that MSMEs have been addressing the needs of all sectors, including agriculture, food, defence, space, and artificial intelligence. "The role of industries in the country's development is significant, especially, MSMEs are making substantial contribution to the nation's growth," she said. In order to strengthen the sector, the government led by Prime Minister Narendra Modi started the Skill Training Division for the first time. It has been undertaking training programmes and schemes for women and youth to match the global skill standards, she was quoted as saying in an official statement. She als

UK fintech Tide will invest 500 million euros (₹6,000 crore) in India over five years from 2026, creating 800 jobs as it deepens its commitment to the country's fast-growing SME sector

The rally in Poonawalla Fincorp shares came after Poonawala said the company's assets under management (AUM) grew by 67.7 per cent year-on-year in Q2FY26

Today's pieces look at the available space for more rate cuts, the sorry state of tribunals, why GST reforms are not really that, and how India can harness its vast non-export MSME sector

EAC-PM S Mahendra Dev said that exporters should focus on diversification of markets, while also pushing domestic consumption

Bankers highlighted the need for consent-based APIs and structured data to improve MSME lending, addressing working capital, technology, and credit guarantee challenges