Introduction The importance of the MSME sector in India’s economic growth is self-evident. With over 630 lakh MSMEs employing over 1100 lakh people staggered across services & the manufacturing sector, the sector contributes nearly 30%.
India’s Indo-Pacific strategy is believed to have evolved out of her journey from Look East Policy enunciated by late Narsimha Rao rechristened as Act East policy, a more realistic one enunciated by Prime Minister, Narendra Modi focussing more.
The MSME industry plays a crucial role in the development of the Indian economy. Its contribution to the country’s GDP is nearly a third of the country’s GVA and it contributes nearly half of the.
Arvind Panagariya, an Indian-American Economist, Former Vice Chairman of the Policy Think Tank, Niti Aayog and Jagdish Bhagwati, Professor of Indian political economy at Columbia University have predicted Prime Minister Narendra Modi’s third term win.
Morgan Stanley, the international brokerage firm, has recently upgraded India’s market status to overweight from equal weight. The firm believes that reforms undertaken by India along with India’s macro-stability i.e., key economic relationships being in balance, including domestic demand and output, balance of.