MSMEs: The Backbone of India’s Economy and 17 Key Budget 2025 Expectations

The Union Budget 2025, slated for February 1, brings immense anticipation as stakeholders across the Micro, Small, and Medium Enterprises (MSME) sector await transformative measures to address their pressing challenges and unlock their full potential. The Micro, Small, and Medium Enterprises (MSMEs) sector is vital to the Indian economy, serving as a cornerstone for job creation, entrepreneurship, and economic resilience. Comprising over 70 million businesses, the MSME sector contributes nearly one-third of India’s annual gross value added (GVA) and employs over 216 million individuals. With the Union Budget 2025 on…