India, May 27 -- India's economic growth story has long highlighted the contribution of its vast Micro, Small, and Medium Enterprise (MSME) sector. With over 6 crore unincorporated non-agricultural MSMEs and nearly 3.35 crore registered under Udyam, this sector contributes around 29% to the national GDP, 40% to total exports, and employs over 60% of the workforce. However, hidden in plain sight within this powerhouse is a largely neglected category: medium enterprises, which constitute just 0.3% of total registered MSMEs, yet punch far above their weight.

A recent NITI Aayog-supported study conducted by the Administrative Staff College of India (ASCI) titled "Designing a Policy for Medium Enterprises" makes a compelling case for targeted...