Business News
World MSME Day 2026: 5 in 10 MSMEs continue to face supplier management and invoice compliance challenges; Digital Procurement adoption accelerating
Jun 26, 2026
New Delhi [India], June 26: India's 7.4 crore-plus MSMEs registered on the Udyam and Udyam Assist platforms form the backbone of the economy, generating employment for over 32 crore people and contributing around 31% of GDP, 35.4% of manufacturing output and nearly half of the country's exports. For these businesses -- manufacturers, traders, retailers, service firms and millions of micro-entrepreneurs -- procurement of raw materials, inventory, packaging, IT and office supplies remains one of the largest operating expenses and a critical daily activity.
Read More..
