Prime Minister highlights GST Reforms as Catalyst for MSME Growth and Manufacturing Expansion

Prime Minister Shri Narendra Modi today reiterated the Government’s steadfast commitment to empowering India’s Micro, Small and Medium Enterprises (MSMEs), which continue to play a pivotal role in job creation, innovation, and economic expansion. He said over the years, the Government has introduced a series of reforms to ease credit access, expand market linkages, and reduce operational burdens for MSMEs. The latest GST reforms under the #NextGenGST initiative mark a significant step forward in this journey.

Responding to a post by Shri Shyam Sekhar on X, Shri Modi said:

“MSMEs are the backbone of our economy, creating jobs and driving growth.

From easier credit to wider market access, every reform has been aimed at strengthening small and medium businesses.

The latest GST changes build on this momentum by rationalising rates, simplifying compliance and boosting enterprises across India.

#NextGenGST”

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2163937