Micro, small and medium enterprises have a very crucial role in powering the economic growth of India, and currently, the focus on them is significantly more as the country is determined to become a US$5-trillion economy by 2025. Revealing this, Amitabh Kant, CEO of NITI Aayog, the premier policy think tank of the Government of India that provides directional and policy inputs, said the MSME sector currently contributes significantly to the growth of the Indian economy. He added that the Indian MSME sector presently has a vast network of 63 million units producing over 8,000 products and a share of approximately 30% in nominal GDP.
