MSME Secretary, BB Swain Addressed Keynote at BRICS MSME Roundtable

A BRICS trade fair will be held from August 16-18 the roundtable organized yesterday was a curtain-raiser of the trade fair ahead.

The main agenda of the MSME roundtable was to deepen and strengthen the trade and economy. Mr Swain's keynote address. emphasized India's MSME potential.

It also said that of the various groups of BRICS, the Contact Group on Economic and Trade Issues (CGETI) is responsible for economic and trade matters.

The years 2020 and 2021 have been like no other for the Indian micro, small and medium enterprises (MSME) sector, which contributes about 30 percent to the country’s GDP, and is one of the largest job-creating sectors, second only to agriculture.

Moreover, small and medium businesses contribute about 48 percent to exports, making it a major revenue stream for the Indian economy. The government has been taking steps to uplift the sector since last year.