While tariffs bring immediate challenges, they also open doors to innovation and capacity building for the MSME sector

By Dr K Srinivasa Rao

Following the US tariff turmoil, the MSME sector is vulnerable and needs strong support. The impact might even affect MSMEs in “sunrise sectors” such as solar photovoltaics (PV)/renewable energy and pharmaceuticals, along with traditional sectors like textiles, gems, and jewellery. To help them recover, given the current state of the sector, some innovative measures are necessary. The tariff impact could be temporary, but restoring MSMEs should be a permanent goal to make them more resilient.

Due to continued policy initiatives and institutional support, MSMEs (Micro, Small and Medium Enterprises) — the backbone of the economy — are working toward

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