India’s Economic Future: Modi’s Plan to Power MSMEs, Exports & Growth

Prime Minister Narendra Modi took center stage at a series of Post-Budget webinars today, delivering a powerful vision for India's economic future. Addressing stakeholders via video conferencing, he outlined bold strategies to supercharge manufacturing, boost exports, and unlock the full potential of MSMEs—India’s industrial backbone. With a focus on regulatory ease and technological innovation, Modi painted a picture of an India poised for global leadership.

Revolutionizing Manufacturing & Turbocharging Exports

PM Modi reaffirmed his administration’s unwavering commitment to financial discipline, transparency, and inclusive growth. Encouraging Indian manufacturers to think big and bold, he called for deeper integration into international markets, leveraging strategic partnerships to position India as a global manufacturing powerhouse.

Recognizing regulatory red tape as a roadblock to business expansion, the Prime Minister lauded the elimination of over 40,000 outdated compliances through the Jan Vishwas Act. He also announced the Jan Vishwas 2.0 Bill, designed to further dismantle bureaucratic hurdles and foster a pro-business environment.

India: A Powerhouse in the Global Economy

Despite global economic turbulence, India stands firm as a beacon of growth, PM Modi declared. He credited the nation’s resilience to transformative reforms, including the Aatmanirbhar Bharat initiative, which has fortified India’s economic foundation.

Highlighting the success of the Production-Linked Incentive (PLI) scheme, he shared staggering numbers—₹1.5 lakh crore in investments, ₹13 lakh crore in production, and ₹5 lakh crore in exports across 14 strategic sectors. The message was clear: India is not just competing on the global stage—it is leading.

Empowering MSMEs: The Heartbeat of Indian Industry

Calling MSMEs the unsung heroes of India’s economic rise, PM Modi unveiled a series of game-changing initiatives to expand their access to credit and foster innovation. Over the past decade, MSME credit availability has surged from ₹12 lakh crore to ₹30 lakh crore—a testament to the Government’s focused support.

Key initiatives for MSMEs include:

• Doubling the guarantee cover for MSME loans to ₹20 crore.
• Introducing customized credit cards with a ₹5 lakh limit for working capital needs.
• Providing loans up to ₹2 crore for five lakh first-time entrepreneurs, with special provisions for women, SC, and ST business owners.

Beyond financial support, the Prime Minister urged industry leaders to mentor and nurture new entrepreneurs, fostering a culture of innovation and sustainable growth.

State-Led Economic Acceleration

PM Modi underscored the crucial role of state governments in driving investment and improving the ease of doing business. He called on states to step up with competitive policies, ensuring India remains a top destination for global investors.

The Post-Budget webinars are more than just discussions—they are action-oriented platforms designed to bring Budget proposals to life. With a focus on investment facilitation, cutting-edge technology, and bold policy execution, these sessions are set to propel India into a new era of economic dynamism.