By Dhanendra Kumar, the writer is chairman, Competition Advisory Services India LLP

India needs a comprehensive strategy to infuse technology and R&D across industry and services, with particular emphasis on micro, small, and medium enterprises ( MSMEs ). A multidimensional thrust—including increased investment, testing and capacity building, regulatory reforms, cluster-driven innovation, and state-level competition—is essential for India’s economic transformation.

MSMEs are the backbone of India’s growth, contributing about 30% to GDP and half the exports, employing millions, and fuelling regional development. However, most units lack back-end processes like integrated supply chain and procurement, with only about 15% adopting Industry 4.0 technologies. This limits productivity, com

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