Empowering India’s grassroots economy: How MSMEs are driving growth across rural and semi-urban India

May 14, 2026 3:09 PM

Empowering India’s grassroots economy: How MSMEs are driving growth across rural and semi-urban India

India’s Micro, Small and Medium Enterprises (MSME) sector has emerged as one of the strongest pillars of the country’s economic growth, employment generation and grassroots development. From small manufacturing units and rural traders to artisans, self-employed entrepreneurs and service providers, MSMEs today form the backbone of India’s domestic economy. With targeted reforms, digital integration, financial support schemes and formalisation drives, the Government is now attempting to tra...

India pushes stronger BRICS MSME cooperation under its 2026 chairship

May 8, 2026 4:33 PM

India pushes stronger BRICS MSME cooperation under its 2026 chairship

India has begun advancing a renewed agenda for micro, small and medium enterprise (MSME) cooperation under its 2026 chairship of BRICS, with a focus on improving access to finance and strengthening collaboration among member nations. As part of its leadership role under the BRICS Partnership on the New Industrial Revolution (PartNIR), Ministry of MSME has been tasked with organising three SME Working Group meetings and the inaugural BRICS MSME Forum during the year. The first SME Working Group...