India is the world’s third-largest Startup base but its entrepreneurial spirit is not limited to the Startup world; they represent only one aspect of it.
India’s Micro, Small and Medium Enterprises (MSMEs) are those silent performers who are carrying India’s 5 trillion dollar economy goal on their shoulders.
Any understanding of India’s growth trajectory is incomplete without an introduction to India’s MSME sector, and the spirit with which they work.
MSMEs constitute around 95% of the total industries in India and their contributions to national income are immense, yet this sector has never demanded any kind of security (financial, social, medical or pension) from the government.
They have built a strong community culture based on trust, cooperation and relationship which is today difficult to replicate even in some global MNCs.