New Delhi, Jan. 28 -- As Union Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025 on February 1, micro, small, and medium enterprises (MSMEs) are voicing critical expectations.

The sector is advocating for enhanced allocations to bridge the skill gap, reductions in solar component taxes to encourage industrial adoption, and streamlined taxation policies to ease operations and boost growth.

Laghu Udyog Bharati's Madhya Pradesh chapter president, Mahesh Gupta, emphasised the sector's pivotal role in driving the economy, stating, "We are optimistic about substantial support for MSMEs to enhance productivity and simplify taxation. Assistance to the sector will bolster GDP. The government should prioritise skill tr...