India’s Micro, Small, and Medium Enterprises (MSMEs) sector is the backbone of the economy, contributing to GDP, employment, and exports. With over 63 million MSMEs, the sector directly employs more than 25 crore people and indirectly impacts 45–55 crore individuals. MSMEs contribute 30% to India's GDP, 45% of manufacturing output, and 40% of exports, but face challenges that hinder growth and scalability.
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