Budget 2026: MSMEs Flag GST 2.0 Fallout, Trump Tariffs and Credit Crunch

Last updated: 10 January 2026


India's small and micro businesses remain the backbone of the economy, contributing nearly one-third of GDP, over 35% of manufacturing outputand almost half of total exports. However, FY26 has turned into a particularly challenging year for the MSME sector, battered by geopolitical uncertainty, disr

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