Nirmala Sitharaman: SMEs Driving India's Decadal Growth

Finance Minister Nirmala Sitharaman highlighted the vital role of small and medium enterprises (SMEs) in India’s economic growth and job creation. Calling them the backbone of the economy, she urged industries to collaborate with SMEs to unlock mutual benefits. SMEs support large industries with localized supply chains and innovation while creating employment opportunities nationwide. Sitharaman emphasized the need for targeted policies and reforms to empower SMEs, ensuring global competitiveness and sustainability. She underlined their role in initiatives like "Atmanirbhar Bharat" and "Make in India," positioning SMEs as essential partners in driving India’s decadal priorities and fostering inclusive economic development.