India’s MSME opportunity lies in clusters
India's Micro, Small and Medium Enterprises (MSMEs) sector presents a significant opportunity for job creation and economic growth, employing over 320 million people and contributing 31% of GDP. However, the sector faces challenges such as limited access to affordable credit, complex compliance burdens, and underutilization of potential.
The recently proposed Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, aims to address some of these issues, but more needs to be done. Drawing from successful models in the US and China, India should focus on building MSME clusters to unlock their full potential.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
