New Delhi, March 27 -- In a critical assessment of India's economic landscape, NITI Aayog CEO BVR Subrahmanyam highlighted significant challenges facing the country's Micro, Small, and Medium Enterprises (MSMEs), emphasising the sector's pivotal role in national economic transformation.

Speaking at a recent Confederation of Indian Industry (CII) event, Subrahmanyam expressed concern about the structural limitations in India's enterprise ecosystem.

The nation currently hosts approximately 6.18 crore MSMEs, comprising 6.09 crore micro, 7.44 lakh small, and 70,000 medium enterprises.

However, the critical challenge lies in the limited number of medium-sized firms capable of scaling into large corporations.

The NITI Aayog CEO identified t...