The HinduMar 29MSMEs not static, but growing in size, asserts Finance Ministry The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises (MSMEs) are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. However, industry representatives are not sure the numbers have been correctly interpreted by the Ministry. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, from 28,881 in 2021-22, “belying the narrative that MSME units suffer from the inertia of rest and are reluctant to be upwardly mobile”. Read More At The Hindu
The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises (MSMEs) are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. However, industry representatives are not sure the numbers have been correctly interpreted by the Ministry. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, from 28,881 in 2021-22, “belying the narrative that MSME units suffer from the inertia of rest and are reluctant to be upwardly mobile”. Read More At The Hindu
