Moving from Policies to Ecosystems: A New Approach for MSMEs in India
Traditional policy-driven approaches to MSME growth often create barriers through rigid criteria, limiting competition and innovation. While policies aim to provide financial support and direction, they sometimes fail to deliver desired outcomes. A shift toward ecosystem-based models, such as ONDC and GeM, fosters organic growth by creating inclusive networks where businesses of all sizes compete on merit. Unlike policies that impose restrictions, ecosystems enable fair competition, driving innovation, quality, and better pricing. By prioritizing ecosystem creation over micromanagement, India can unlock MSMEs' true potential, fostering a dynamic and resilient economy where the best ideas thrive.