A Deloitte India October report and complementary policy briefs emphasise the centrality of MSMEs (micro, small and medium enterprises) to India’s growth story — together they contribute roughly 30% to GDP and nearly half of exports. The analyses argue that unlocking MSME productivity and market access is key to translating headline growth into broad-based employment gains. Policy recommendations include easier access to formal credit, digital adoption subsidies, cluster-based infrastructure investments and streamlined compliance through single-window e-systems. Several states are already experimenting with one-stop MSME hubs and vendor-development programs to integrate smaller firms into supply chains. Economists stress bridging skill gaps, enhancing quality standards and improving logistics to help MSMEs scale from local suppliers to exporters. If implemented coherently, these measures could accelerate inclusive industrialisation and reduce regional disparities.
A Deloitte India October report and complementary policy briefs emphasise the centrality of MSMEs (micro, small and medium enterprises) to India’s growth story — together they contribute roughly 30% to GDP and nearly half of exports. The analyses argue that unlocking MSME productivity and market access is key to translating headline growth into broad-based employment gains. Policy recommendations include easier access to formal credit, digital adoption subsidies, cluster-based infrastructure investments and streamlined compliance through single-window e-systems. Several states are already experimenting with one-stop MSME hubs and vendor-development programs to integrate smaller firms into supply chains. Economists stress bridging skill gaps, enhancing quality standards and improving logistics to help MSMEs scale from local suppliers to exporters. If implemented coherently, these measures could accelerate inclusive industrialisation and reduce regional disparities.