Congress blames neglect of MSMEs for shift from labour intensive growth

The Congress party has blamed the neglect of micro, small, and medium enterprises (MSMEs) for the shift from labor-intensive growth in India. According to the party, the government’s policies have failed to support MSMEs, leading to a decline in job creation and economic growth. The Congress party argues that MSMEs are crucial for generating employment and driving inclusive growth, but they have been overlooked in favor of large corporations. The party calls for a comprehensive strategy to revive the MSME sector, including easier access to credit, tax incentives, and support for innovation and technology adoption. The Congress party also emphasizes the need for better infrastructure and regulatory reforms to create a conducive environment for MSMEs to thrive. By addressing these issues, the party believes that India can achieve sustainable and inclusive economic growth, with MSMEs playing a pivotal role in the country’s development.