New Delhi, June 26 -- Micro, small and medium enterprises (MSMEs) will play a central role in India's journey towards becoming a developed nation by 2047, but the sector requires stronger policy support, easier access to finance, better infrastructure and skilled talent, according to BV Naidu, Chairman, Karnataka Digital Economy Mission (KDEM).

MSMEs Critical to Achieving Viksit Bharat 2047

Speaking at the fifth edition of the businessline MSME Growth Conclave, Naidu said India's ambition of becoming a developed economy depends on significantly raising per capita income from the current level of around USD 2,200 to USD 20,000-25,000 by 2047.

He said MSMEs would play a greater role than large enterprises in driving this transformation, ...