New Delhi, Jan 7 || Business chamber PHDCCI has, as part of its wishlist for Union Budget 2026–27, sought easier access to finance at lower interest rates and a reduction in the regulatory burden, to cut costs for the MSME sector, which is driving growth and employment generation in the economy.
Micro, Medium and Small Enterprises (MSMEs) hold the key to catapulting India’s economy to a 10 per cent growth path, according to a statement issued by the PHD Chamber of Commerce and Industry (PHDCCI) on Wednesday.
The MSME sector’s contribution to manufacturing, exports and employment generation in the country has shown an increasing trend. In 2025, the sector contributed as much as 30 per cent to manufacturing output and has emerged as the second-largest employer next only to agriculture, it added.
More than 7.30 crore small and micro enterprises have registered on the Udyam Registration Portal and Udyam Assist Platform (UAP), from July 2020 to December 2025, bringing them into the organised sector ambit. This trend holds the key to initiating targeted policies and schemes in a structured way, the statement said.