Micro, small and medium enterprises (MSMEs) will play a pivotal role in helping India achieve developed nation status by 2047, but the sector requires stronger policy support, easier access to capital, infrastructure and talent, according to BV Naidu, Chairman of Karnataka Digital Economy Mission (KDEM).
Delivering the keynote address at the fifth edition of businessline MSME Growth Conclave on Thursday, Naidu said India’s aspiration of becoming a developed economy hinges on significantly raising per capita income from the current $2,200 levels.
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Published on June 28, 2026