As India aspires to become a developed super-economy, the transformation of the MSME sector remains a prerequisite. Indian MSMEs contribute 8 per cent to National GDP, 45 per cent to manufacturing output, 40 per cent to exports, and provide...
Debt restructuring, or eventual liquidation will be a speedier exercise and hopefully less frustrating for the stakeholders.
Budget 2018 has introduced major reforms in the social sector, viz. healthcare and education. FICCI looks forward to greater measures in this direction in coming years.