India has plenty of small firms, which it prefers to call MSMEs. Market is not the problem; India is supposed to have the world’s fourth largest economy. Agricultural growth was close to 3 per cent throughout; industrial growth accelerated from 4 to 8 per cent, and growth of services from 6 to 10 per cent. India has plenty of small firms, which it prefers to call micro, small and medium enterprises. The world’s largest democracy is stuck with a number of poorly performing governments; they are the main obstacle to the improvement of many services.

Source: The Telegraph April 02, 2019 03:22 UTC