"To bridge MSME credit gap, participants in trade finance ecosystem need to innovate while leveragin

Global trade has recovered from the dip during the Covid-19 pandemic times but continues to face headwinds due to factors such as looming recessionary pressure, growing trend of protectionism, and regionalism along with continued supply chain disruptions. Despite these emerging global dynamics, Indian exports have shown healthy growth, and government initiatives aiming toward reduction in trade barriers, promotion of manufacturing, and building infrastructure have positioned India well for continued growth momentum. At the center of India’s economic growth are Micro, small, and medium enterprises (MSMEs) who contribute to around 40 percent of India’s exports. Several initiatives have been undertaken to help MSME exporters to improve their market access, ease of doing business, and access to credit which has provided this sector with the required thrust.

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