Topic: changes in industrial policy and their effects on industrial growth.
Q4. MSMEs are the backbone of India’s economy but remain peripheral in global trade integration. Critically examine. Suggest measures to enhance their export orientation. (10 M)
Difficulty Level: Medium
Reference: TH
Why the question
MSMEs are central to India’s growth strategy, yet their weak integration into global trade remains a major structural concern in achieving export-led growth.Key Demand of the question
The question requires critical examination of MSMEs as the backbone of the economy while being peripheral in global trade. It also demands suggesting measures to enhance their export orientation.Structure of the Answer:
Introduction
Briefly highlight MSMEs’ economic importance and the paradox of low global integration.Body
- Backbone but peripheral: Show strong domestic contribution alongside limited integration into global value chains due to structural constraints
- Measures for export orientation: Indicate broad reforms such as easing compliance, improving access to finance, technology upgradation, and better market linkages
Conclusion
Provide a forward-looking remark on strengthening MSME integration into global trade.
