India is on an ambitious path to becoming the world's third-largest economy by 2027 and a fully developed nation by 2047. At the heart of this transformation are small businesses, particularly MSMEs, which currently contribute around 30% to the nation's GDP and form the backbone of our economy. Expansion of these small businesses will be key to driving prosperity at the grassroots level.
India is on an ambitious path to becoming the world's third-largest economy by 2027 and a fully developed nation by 2047. At the heart of this transformation are small businesses, particularly MSMEs, which currently contribute around 30% to the nation's GDP and form the backbone of our economy. Expansion of these small businesses will be key to driving prosperity at the grassroots level.