Economic Survey: Ease of compliance for MSMEs required to unleash growth

The Economic Survey emphasizes easing licensing, inspection, and compliance for MSMEs. Reforms in urban development, regulatory compliance, and digital connectivity, creating an export strategy, and reducing states' compliance burdens are crucial per FISME. MSMEs benefit from Udyam and Udyam Assist Portals. The survey highlights limited management bandwidth for growth activities, funding, and labor acquisition.