The Chief Economic Advisor, Dr. V Anantha Nageswaran, emphasized that India’s future growth depends on empowering micro-enterprises to innovate and compete inclusively. He highlighted the need for these enterprises to enhance their trade skills to integrate into the global value chain. Nageswaran stressed the importance of entrepreneurs investing in skills development for themselves and their employees to drive growth and create employment opportunities.
At the ‘CII Annual Business Summit 2026,’ R Dinesh, Past President CII, underlined the pivotal role of micro and small enterprises in shaping India’s future. He emphasized the significance of enabling MSMEs and rural job creation for a resilient and prosperous India. Rajiv Memani, President of CII, discussed the broader aspects of India’s economic resilience, focusing on manufacturing competitiveness and trade relationships.
The Union Cabinet, led by Prime Minister Narendra Modi, approved the launch of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to support businesses affected by the West Asia crisis. This scheme aims to provide financial assistance to micro, small, and medium enterprises (MSMEs) and other sectors by extending credit guarantee coverage through the National Credit Guarantee Trustee Company Limited (NCGTC).
