New Delhi, May 14 -- The Small Industries Development Bank of India (SIDBI) has released a comprehensive report titled 'Understanding the Indian MSME Sector: Progress, and Challenges,' offering detailed insights into India's rapidly expanding Micro, Small, and Medium Enterprises (MSME) sector.

The report draws from extensive primary and secondary research, including a survey of over 2,000 MSMEs across 19 industries, providing regional, gender, and industry-level analyses.

A formalisation trend has emerged within the MSME sector, particularly among micro and small enterprises. Through initiatives like the Udyam Registration and Udyam Assist Portal, registrations have surged to over 6.2 crore by March 2025, a significant increase from 2.5...