India, May 14 -- The Government of India has issued a release:
MSMEs continue to drive India's economic growth. They contribute over 31% to GDP, 48.58% to exports, and support livelihoods for nearly 32.8 crore people across the country. The Government has accelerated formalization of unregistered enterprises through Udyam and Udyam Assist platforms. This has brought over 7.9 crore enterprises into the formal economy. Targeted policy measures are improving access to credit, strengthening legal safeguards, and enhancing ease of doing business. Digital platforms like GeM, TReDS, and SAMADHAAN are enabling better market access and faster payments. Together, these efforts are strengthening the MSME ecosystem and advancing inclusive growth acros...