
MSME Development (Amendment) Act, 2026: Strengthening India’s MSME Ecosystem and Tackling Delayed Payments.
Micro, Small and Medium Enterprises (MSMEs) are a central component of India's productive economy, contributing significantly to output, manufacturing, exports and employment. They span a diverse range of enterprises across rural, semi-urban and urban areas and play an important role in generating livelihoods and integrating smaller firms into formal supply chains. According to the Economic Survey 2025–26, MSMEs account for 31.1% of GDP, 35.4% of manufacturing output and 48.58% of exports. As of August 2026, 9.16 crore enterprises were registered on the Udyam platform, employing more than 40 crore people across rural, semi-urban and urban India.






