New Delhi, Feb. 1 -- Union Minister for Micro, Small, and Medium Enterprises (MSMEs) Jitan Ram Manjhi on Sunday praised the Union Budget 2026-27, emphasising that the backbone of the Indian economic system, MSMEs, have gotten an increased allocation, from Rs 23,168 crore to Rs 24,566 crore. With the aim of boosting GDP, production, and exports, subsequently making India the world's third-largest economy by 2030 and a developed nation by 2047.

Speaking to the reporters, Manjhi said, "I believe this budget is entirely for MSMEs, and that's because MSMEs are the backbone of the Indian economic system. After agriculture, in every aspect--whether it's GDP, production, or exports--our MSMEs lead the way. In view of this, the 2025-26 budget of ...