India, Feb. 3 -- There is a definite shift in policy and strategy from last year's populist and consumption spend led economy growth budget. This is towards the necessary Capex, infrastructure and investment led economic growth-oriented budget. Notably, the support towards the MSME sector has been enhanced substantially, both directly under the Ministry of MSMEs outlays, as well as allocation under other related and sectoral ministries.

Enhanced assistance is to be accorded for individual technology upgrading, cluster based joint technology upgrading, establishment of technical and physical infrastructure. Furthermore, policy instruments such as customs tariff rationalisation is also visualised. Notably, specific value-chains are also ta...