Small is beautiful. Take India’s micro, small, and medium-sized enterprises (MSMEs) for instance. They play a crucial role in India’s economic growth, often attributed to large conglomerates and corporations. These MSMEs—currently more than 60 million—are the crucial backbone of the Indian economy, generating thousands of jobs, fostering innovation and entrepreneurship, and contributing nearly 45% to India’s exports and 30% to the gross domestic product (GDP).
