- The Economic Times Rise
How can Indian MSMEs grow to compete in the world?
India's micro, small and medium enterprises (MSMEs) sector has been at the center of attention for a long time now.
There are more than 63 million MSMEs, which employ around 110 people and form a key pillar of the Indian economy.
However, 99% of the companies remain micro in their life cycle.
This sector is plagued with low productivity, lack of efficiency and limited means, which lead to poor competitiveness in the global sphere.