The MSME sector already contributes roughly 29% to India’s GDP and employs nearly 60% of the workforce, making it the backbone of economic development. Holani highlighted that several industries within MSMEs—including electric vehicles (EV), agritech, FinTech, e-commerce, healthcare, and renewable energy—are poised for significant expansion in 2025.
With the MSME Gross Value Added (GVA) share in India’s GDP steadily rising to 30% in 2022–23, Holani expressed confidence in ongoing policy support. Initiatives like NITI Aayog’s SME 4.0 Competence Centers are driving technological adoption, ensuring MSMEs remain competitive in the evolving economic landscape.
With commercial credit exposure increasing to ₹35.2 lakh crore, a 13% year-on-year (YoY) increase, expect tremendous momentum in the MSME sector. Further, a 2.5 per cent CAGR in the number of MSMEs would mean multiple engines to steer the economy towards $4 trillion, he said.
“The big leap for MSMEs is inevitable, and so is their role in driving India’s growth story,” he concluded.
(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR
