Goa, June 2 -- SIDDHARTH DESAI

Micro, Small, and Medium Enterpris es (MSMEs) are a major driver of India's economic growth and em ployment. They contribute more than 31% to the coun try's GDP, account for nearly 49% of India's exports, and generate over one-third of the nation's manufacturing output. With more than 7.4 crore enterprises support ing the livelihoods of near ly 33 crore people, MSMEs remain the second-largest source of employment after agriculture. MSMEs are particularly sig nificant due to their strong presence in rural and semi-ur ban regions. These enterprises foster local entrepreneurship, create non-farm employment, strengthen local supply chains, and support balanced regional development. Their dispersed nature reduce...