Saturday, May 26News That Matters

MSME’s Sector would lead the current consolidation phase of the economy : Jaitley

Terming the MSME sector the backbone of the economy, Finance Minister Arun Jaitley said the sector would lead the current consolidation phase of the economy.

“Having gone through a series of very major structural reforms in the past two years, now [this] also is a phase for consolidation as far as the economy is concerned. And this phase of consolidation will also be led by the MSME sector,” he said after unveiling CriSidEx, the first sentiment index for micro and small enterprises.

He added that there had been increased integration of the sector into the formal economy.

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