Pre-Budget 2025: MSME Stakeholders Demand GST Cuts, Tech Upgrades and PLI Expansion

Ahead of the Union Budget 2025, stakeholders from the Micro, Small, and Medium Enterprises (MSME) sector have urged the government to introduce measures that could ease their operational challenges. Key demands include GST cuts to reduce the tax burden on MSMEs, upgrades in technology to improve efficiency, and the expansion of the Production-Linked Incentive (PLI) scheme to help small businesses grow. These measures are considered essential to strengthen the sector, which plays a crucial role in India's economic growth and job creation. MSME representatives have emphasized the need for a conducive regulatory environment to drive growth and competitiveness in the global market.