Recommending the ways of boosting manufacturing in MSME sector, the report said it was clearly lack of advocacy ability on economic and functional issues. And that is why MSMEs are frequently at the receiving end of unexpected actions of other stakeholders, including the state machinery.
"A complex and unfriendly business ecosystem pushes small entrepreneurs towards the informal and unregistered segment, which is growing faster than the organised segment by more than five times, and already accounts for over 95 percent of all MSMEs," according the report.
This trend must be reversed and policy makers and administrators in multiple departments of local, state and Central governments must understand the need to create an ecosystem to encourage them to operate in the organised economy.
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