New Delhi, June 4 -- India has significantly expanded policy support for micro, small and medium enterprises (MSMEs) over the past decade, but persistent regional and sectoral imbalances continue to limit the sector's full growth potential, according to a research by Piramal Finance. The report titled 'The Geography of MSMEs: Why India's Growth Is Concentrated, Not Broad-Based' noted that MSMEs contribute nearly 30 percent to India's GDP, account for more than 45 percent of exports and provide employment to over half of the country's workforce, making the sector central to India's economic growth strategy. Policy Support Expands Over The Decade Since 2014, the government has rolled out a series of initiatives aimed at improving formalisat...