MSMEs need to be integrated into larger supply chains: Bery

THE MICRO, SMALL and medium enterprises (MSMEs) need to be integrated into larger supply chains to drive real competitiveness and achieve a 7-8% growth, Niti Aayog vice-chairman Suman Bery said on Thursday.

- FE BUREAU

Addressing the CII National Conference on Responsive Supply Chain for Indian Manufacturing, Bery said that India has staged a remarkable economic recovery after the pandemic, emerging as the fastest-growing large economy in the world.

With moderate inflation and declining poverty levels, the country is on a strong growth trajectory, he said, adding that the challenge now is to sustain and accelerate the momentum. "Growth happens through innovation and gains from trade, but sustaining momentum is harder when you're doing well. The challenge is to keep pushing forward. India's corporate sector must step up, and MSMEs need to be integrated into larger supply chains to drive real competitiveness and achieve 7-8% growth" he said.