MSME sector to be Rs 1 trillion worth by 2028: Experts

ENA MSME 2023-04-14 14:23:51 New Delhi, Apr 14 (KNN) According to economists the MSME sector will be worth Rs 1 trillion by 2028, said Arun Dalmia, Co-Chair of the Economic Affairs Committee, PHD chamber highlighting the crucial role of MSMEs in Indias growth. He stated that as India's GDP approaches USD 5 trillion, experts project the MSME sector to be worth Rs 1 trillion by 2028, with 63.4 million MSMEs contributing significantly. <a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a> Dalmia was speaking at the seminar on Growth Prospects of Indian Economy 2023-24 organised by PHD Chamber of Commerce and Industry (PHDCCI) recently. Subhash Chandra Garg, Former Secretary, Government of India underlined the significance of investing in digital infrastructure and how important services industry is for India's future growth. Garg also highlighted the importance of considering growth in the context of long-term and short-term or medium-term growth. He encouraged India to learn from Japan's growth, where their per capita income grew massively, and their population started to plateau and decline over the years. Providing insights into the global economy, Dharamakirti Joshi, Chief Economist of CRISIL opined that the high level of indebtedness and uncontrolled inflation are expected to result in a slowdown of the global economy. (KNN Bureau) 32976 https://knnindia.co.in/news/newsdetails/msme/msme-sector-to-be-rs-1-trillion-worth-by-2028-experts 2023-04-14 14:23:51 knnindia.co.in MSME sector to be Rs 1 trillion worth by 2028: Experts