MSME SECTOR IS NO PRIORITY, NOT EVEN MENTIONED BY PM
LAUDING HIS DREAM IS THUS IMPOSSIBLE FOR JOBLESS MILLIONS
2021-08-16 09:34
-
MSME sector is clearly no government priority. PM Narendra Modi’s Independence Day speech did not even mention it. Indian entrepreneurs were praised, employment generation was talked about, vague assurances given for greatly boosting development of India, but the MSME sector is conspicuously absent from his speech, though it has been contributing 30 per cent of GDP, 48 per cent in exports, and employs largest number of workers among all enterprises in the country whose estimated number in unincorporated non-agriculture units was around 11 crore. Among all industrial units in India, 95 per cent are MSMEs. It holds the key to inclusive growth and plays a critical role in India’s future, how come our Prime Minister had forgotten the sector altogether?