As Finance Minister Nirmala Sitharaman stood before Parliament to present her eighth consecutive union budget, India’s 63 million micro, small, and medium enterprises (MSMEs) glued their eyes on television screens with cautious hope. For a sector that fuels nearly 30 per cent of gross domestic product (GDP) and employs millions, this was supposed to be a roadmap to recovery.
As Finance Minister Nirmala Sitharaman stood before Parliament to present her eighth consecutive union budget, India’s 63 million micro, small, and medium enterprises (MSMEs) glued their eyes on television screens with cautious hope. For a sector that fuels nearly 30 per cent of gross domestic product (GDP) and employs millions, this was supposed to be a roadmap to recovery.