New Delhi, May 3 -- :The NITI Aayog on Friday released a detailed report for unlocking the immense potential of India's Micro, Small and Medium Enterprises (MSMEs) through systemic reforms in financing, skilling, innovation and market access.

The report titled 'Enhancing MSMEs Competitiveness in India,' prepared by NITI Aayog in collaboration with the Institute for Competitiveness (IFC) delves into the key challenges affecting the competitiveness of the country's MSME sector. Using firm-level data and the Periodic Labour Force Survey (PLFS), it provides a blueprint to foster sustainable integration and enhance their incorporation into global value chains.

It focusses on four important sectors: Textiles manufacturing and apparel, chemica...