MSMEs form the backbone of India’s economic landscape and serve as the cradle of entrepreneurship. They encompass a diverse spectrum- from traditional artisans and craftspersons with legacies spanning decades to cutting- edge defence and advanced engineering enterprises. These businesses preserve the nation’s rich heritage and lay the groundwork for a dynamic future. To bridge this rich legacy with the challenges of the present, it is essential to delve into the factors shaping MSME competitiveness and identify pathways to overcome these barriers for sustained growth and innovation.
This report is structured into four key chapters, each designed to deepen our understanding of India’s Small and Medium Enterprises (SMEs) competitiveness.
The report was released by NITI Aayog on May 2, 2025.
The press release can be looked at https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2126063#:~:text=One%20of%20the%20important%20findings,from%204%25%20to%209%25.
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