MSME reclassification fuels record surge in public procurement from small businesses across India
India’s small business ecosystem is witnessing a historic boom in public procurement, driven by the government’s strategic redefinition of Micro, Small and Medium Enterprises (MSMEs). According to the latest data from the Ministry of MSME and Government e-Marketplace (GeM), procurement from registered small businesses surged 38% year-on-year in FY25, crossing ₹3.1 lakh crore for the…