Business Standard

Empowering MSMEs for export success

Through reforms and e-commerce innovation, India must supercharge its MSMEs

MSMEs
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Small scale has historically been a big limitation on their ability to export

Ravi VenkatesanRahul Ahluwalia
Micro, small and medium enterprises (MSMEs) are often called the powerhouse of the Indian economy. By some accounts, they contribute 27 per cent to India’s gross domestic product (GDP) and provide 110 million jobs. However, dig a little deeper, and a different narrative emerges. MSMEs represent a symptom of India’s regulatory glass ceiling, with 85 per cent classified as “dwarfs” — older than 10 years but still smaller than 100 employees, contributing relatively little dynamism to the economy. So, which of the two narratives is correct? As it turns out, both. We have a large number of MSMEs, but they
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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