Indian MSMEs are transitioning from local suppliers to global contenders: Raghuvir Srinivasan

“MSMEs are not just part of the economy — they are the bedrock of India’s progress.” With this, businessline Editor Raghuvir Srinivasan opened the MSME Growth Conclave in Bengaluru, highlighting the critical role of micro, small, and medium enterprises in shaping India’s economic future.

In his welcome address, he spoke about the sheer scale and impact of the MSME sector—from its contribution to GDP and manufacturing to its role as one of the country’s largest employers. More importantly, he emphasised a turning point: MSMEs are no longer confined to being local suppliers but are rapidly evolving into global contenders powered by technology, innovation, and agility.

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