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Powering India's Grassroots Growth and Global Vision
Financial Express Chennai
|July 15, 2025
Driving inclusive growth, technological transformation, and global competitiveness, India's MSME sector plays a pivotal and indispensable role in the country's journey toward becoming a USD 5 trillion self-reliant economy.
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In the evolving economic landscape of India, the Micro, Small, and Medium Enterprises (MSME) sector has quietly grown into a formidable force, one that blends grassroots entrepreneurship with national ambition. As of 2024, India was home to more than 6.3 crore MSMEs, which collectively contributed nearly 30% to the national GDP, around 35% to manufacturing output, and a remarkable 40-45% to exports. Employing over 120 million people, the sector is second only to agriculture in terms of livelihood creation. But beyond statistics lies a deeper truth—MSMEs are central to India's transformation into a self-reliant, innovation-led economy.
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