New Delhi, June 27 -- Today, the world over, we all are celebrating MSME Day, and there are genuine reasons to celebrate. As many as 7.86 crore small businesses that employ over 34 crore people have registered and formalised their business through the Udyam portal. MSMEs contribute 31.1% of India's GDP, 35.4% of manufacturing contribution, and close to 50% of India's export value. Export income from this sector has grown three-fold in just four years - from Rs.3.95 lakh crore in 2021 to Rs.12.39 lakh crore in 2025.
This is more than numbers. This is evidence of the livelihood that has been created by actual individuals in areas that large businesses do not venture into.
However, MSME Day should not only be celebrated but should also be a ...