‘MSMEs can boost competition, increase exports & drive growth

Afzal Malbarwala, MD, Galaxy Freight said, “MSMEs have the potential to drive India’s growth by using new technologies and creative ideas to improve their products and services. They can boost competition, increase exports, and create more job opportunities, which helps local economies grow. MSMEs also play a key role in encouraging people to start businesses and develop important skills.
Overall, MSMEs contribute a lot to the country’s growth. They make up 30% of India’s GDP, provide jobs for 45% of the workforce, bring in a large number of export earnings, and promote development across different regions, making sure no area is left behind.”