Growth path in India: Obstructions and Opportunities in SMEs
It is a fact that the MSME sector doesn’t receive the kind of limelight and attention that listed firms and multinationals draw, despite its critical role in the Indian economy. As per the MSME ministry’s FY21 figures, over 6.33 crore MSMEs dot the landscape of India. Over the years, the contribution of the MSME sector to the GDP has remained constant at an incredible 30%. However, MSMEs in India continue to operate in obscurity while persistently underperforming.
Bottlenecks to MSME growth:
- Lack of capital
- Lack of talent
- Digital Gulf
- Information deficit
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