New Delhi | March 2, 2026
At a post-Budget webinar held on March 2, Prime Minister Narendra Modi emphasized the importance of recent MSME classification reforms and called upon small businesses to enhance productivity, improve quality standards, and integrate digital technologies to compete in global markets.
MSME Classification Reforms Take Center Stage
During the webinar discussion, the Prime Minister underlined how the revised MSME classification framework aims to strengthen the growth ecosystem for micro, small, and medium enterprises. The reforms are designed to provide better access to government schemes, credit support, and policy benefits while enabling enterprises to scale efficiently.
He noted that clearer classification norms will reduce compliance confusion and help businesses focus on expansion and innovation.
Focus on Productivity and Quality Enhancement
The Prime Minister stressed that Indian MSMEs must move beyond survival and focus on becoming globally competitive. He urged enterprises to:
- Increase operational efficiency
- Adopt modern manufacturing practices
- Improve product quality standards
- Invest in research and innovation
According to him, productivity improvement is essential for Bharat’s long-term industrial growth and export expansion.
Digital Integration for Global Markets
Highlighting the role of technology, the Prime Minister encouraged MSMEs to embrace:
- Digital payments and fintech solutions
- E-commerce platforms
- Automation tools
- Data-driven decision making
He stated that digital integration will allow small firms to access international markets, improve transparency, and strengthen supply chains.
Strengthening Bharat’s MSME Sector
MSMEs contribute significantly to employment generation, exports, and economic development. The government’s renewed focus on classification reforms and digital transformation is expected to enhance the sector’s resilience and global competitiveness.
The webinar forms part of the broader post-Budget outreach initiative aimed at aligning industry stakeholders with policy reforms announced in the Union Budget.
