Piyush Goyal Criticizes Credit Rating Norms That Equate MSMEs With Billion-Dollar Giants, Calls for Overhaul
Union Commerce and Industry Minister Piyush Goyal has strongly criticized the current credit rating framework in India, calling it “ridiculous” for evaluating micro, small, and medium enterprises (MSMEs) using the same parameters as billion-dollar corporations. Speaking at a business forum organized by CareEdge Global on November 11, 2025, Goyal emphasized the urgent need for a…