New Delhi, Dec. 24 -- As someone who closely associates with our MSMEs, I have spent this year monitoring developments that shaped the year for our small businesses. And as we stand at the fag-end of 2025, this year was defined by resilience, challenge, and caution in a shifting global environment. The story was the same for all, from local service providers to export-focused manufacturers. In short, 2025 was a year of survival for our MSMEs.
Yes, on the positive side, many businesses have finally begun to stabilise operations after several turbulent years post-COVID and I saw a gleam of hope as digital adoption deepened meaningfully across sectors. To top it, export-oriented MSMEs also saw selective recovery in engineering goods, pharmace...