The Seen and the Unseen - hosted by Amit Varma

Ep 419: India's MSME Landscape -- Some Useful Frameworks

80 snips
Jun 2, 2025
Narendra Shenoy, an experienced accountant and SME owner, shares his insights into India's micro, small, and medium enterprises (MSMEs), highlighting their crucial role in economic growth. He discusses the challenges of navigating bureaucratic hurdles and accessing funding. The conversation delves into the power of informal entrepreneurial networks and the transformative impact of new frameworks on task management and operational efficiency. Shenoy emphasizes the need for innovation and adaptability in the evolving business landscape, providing practical advice for aspiring entrepreneurs.
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ANECDOTE

Raided Manufacturer’s Revival

  • A small manufacturer got raided for supplying mislabeled products to avoid excise duty.
  • The raid destroyed his business leading to closure, but his supervisors bought and revived parts of the company.
INSIGHT

MSMEs Are Economic Backbone

  • MSMEs constitute over 95% of companies worldwide and employ 60-65% of people in many economies.
  • They contribute between 35%-50% to GDP, making them the backbone of any economy.
INSIGHT

Regulations Hindered Firm Growth

  • India’s regulatory environment historically forced micro firms to stay small to avoid costly compliance.
  • This mindset and system hampered firm growth and productivity across sectors.
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