The growth of Indian micro, small, and medium enterprises (MSMEs) has slowed to 5.4% for the December to June period, according to a recent report by CareEdge Ratings. This marks a decline from 7.0% growth during the same period the previous year. The report indicates that if the impact of recent mergers were excluded, the growth rate would have been even slower, at 7.7% in June 2024.
The broader…
