Indian MSMEs: Market Presence and Competitiveness in a Global Economy

Abstract

Indian Micro, Small, and Medium Enterprises (MSMEs) are vital to the nation’s economy, contributing to GDP, employment, and exports. This article explores their market presence and competitiveness in the global economy, focusing on sectoral performance, policy support, and integration with global value chains. It highlights challenges such as limited access to finance, infrastructure gaps, and skill deficits, while emphasizing the potential of digital transformation and innovation. The study provides strategic recommendations to enhance MSME resilience and global positioning, aligning with India’s vision of Vikshit Bharat.