Published Paper Details:

Micro, Small and Medium Enterprises (MSMEs) form the backbone of the Indian economy by contributing significantly to GDP, exports, employment generation, and balanced regional development. The sector plays a pivotal role in promoting entrepreneurship, innovation, and inclusive growth, particularly in rural and semi-urban areas. This study examines the performance of the MSME sector in India by analysing its contribution to Gross Value Added (GVA), GDP, exports, employment, investment, and enterprise registration trends. It also evaluates the impact of recent policy initiatives, especially the measures announced in the Union Budget 2025-26, aimed at enhancing credit availability, supporting first-time entrepreneurs, and promoting labour-intensive industries. Despite its strong performance, the sector faces several challenges such as limited access to finance, technological gaps, regulatory complexities, and infrastructure constraints. The study concludes that sustained policy support, improved access to credit, skill development, and technological adoption are crucial for strengthening the MSME sector and ensuring its long-term contribution to India's economic growth.