India, June 27 -- India's MSMEs contribute 31.1% of GDP, account for 48.58% of exports and provide livelihoods to nearly 32.8 crore people. They are central to India's economic story. Yet for millions of enterprises, growth remains constrained not by ambition, but by access-to capital, markets and business opportunities.

As India looks ahead, the conversation must move beyond creating more MSMEs and focus on helping them participate more effectively in the country's growth journey. Connecting businesses to customers, supply chains, financing and digital commerce networks will be critical in determining which enterprises thrive in the years ahead.

India does not lack entrepreneurial energy. Every year, businesses emerge across sectors an...