Narendra Modi govt 'anti-MSME', thousands of small business shut down in 10 years: Congress
Congress on Monday accused the Narendra Modi-led central government of being "anti-MSME" and alleged that thousands of small businesses have shut down in the past 10 years. Congress leader Jairam Ramesh claimed that the vital MSME sector accounts for 30 per cent of GDP, 40 per cent of exports and employs 12 crore people.
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«However, the small businesses of India have spent 10 years suffering in this 'anyay kaal' through neglect or through malicious anti-MSME policies. It is a well-established fact that Narendra Modi has spent the last decade working only for his few chosen friends,» he said in a series of posts on X.
«As a result, MSMEs have contributed to the lowest fraction of GDP in decades, face the highest tax rates in decades, and are dealing with severe job losses and price rise. Thousands of MSMEs have been shutting down,» he added.
The Congress general secretary pointed to six major issues relating to «Modi-made MSME mismanagement», which include demonetisation that, he said, affected MSMEs the most and «shoddy» implementation of the GST regime.
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