New Delhi, May 12: Chief Economic Advisor V. Anantha Nageswaran has said that India’s micro-enterprises must build stronger trade and market-oriented skills to fully unlock their growth potential and contribute more effectively to the country’s economic expansion.
Speaking at a policy discussion, Nageswaran emphasized that small and micro businesses form a crucial part of India’s economic base, but often require greater exposure to modern trade practices, market access strategies, and global value chain integration to scale sustainably.
He noted that improving competitiveness at the grassroots level will be key to driving long-term growth, especially as India strengthens its position in global trade networks and domestic consumption continues to expand.
The CEA highlighted the need for better training, improved access to credit, and digital adoption to help micro-enterprises adapt to changing market conditions and enhance productivity.
He added that empowering small businesses with stronger capabilities in trade and entrepreneurship would not only support job creation but also reinforce India’s broader economic growth story in the coming years.