Summary:

India is emerging as a global growth powerhouse, with Prime Minister Modi highlighting the country’s economic resilience in the face of global uncertainty. During the post-Budget MSMEs webinar, he credited India’s strong position to self-reliance and reforms. The 2025 Union Budget exceeded expectations, boosting market confidence through policy stability. The Production Linked Incentive (PLI) scheme impacted 14 industries, generating Rs. 1.5 lakh crore (US$ 17.2 billion) in investments and exports surpassing Rs. 5 lakh crore (US$ 57.4 billion).

The Micro, Small, and Medium Enterprises (MSME) sector, which comprises over 60 million businesses, drives industrial growth and employment. Its redefinition in 2020 ensured that firms did not lose government subsidies as they scaled. Credit availability rose from Rs. 12 lakh crore (US$ 137.7 billion) to Rs. 30 lakh crore (US$ 344.3 billion) over the past decade. Customized MSME credit cards and loans for first-time entrepreneurs were introduced to promote growth and foster competitive investment.

Source: IBEF 

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