Report suggests boosting India's MSMEs through financial and regulatory reforms to aid GDP growth.

A report by Assocham and Egrow Foundation proposes ways to boost Micro, Small, and Medium Enterprises (MSMEs) in India, which contribute nearly 30% to the GDP. Recommendations include MSME-specific bonds and mutual funds, mobile banking, tax reductions, and simplifying the GST system. These measures aim to enhance financial liquidity and streamline regulations to support MSME growth, critical for India's development goals by 2047.

November 28, 2024
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