BV Naidu, Chairman of the Karnataka Digital Economy Mission, says India is on track to become a $32 trillion economy by 2047, but stressed that achieving developed nation status would require a significant rise in per capita income. He added that MSMEs will likely outpace large enterprises in driving growth due to their agility and innovation potential. He also pointed to the expanding digital economy in Karnataka, noting that the state’s tech sector contributes between 35% and 40% of its economy, while calling for stronger government support in financing, market access, infrastructure, and talent ecosystems, particularly as firms adopt artificial intelligence (AI).

India’s micro, small and medium enterprises (MSMEs) will play a decisive role in determining whether the country achieves its ambition of becoming a developed economy by 2047, with policymakers and industry leaders calling for a stronger focus on innovation, design, talent and technology adoption at the fifth edition of The Hindu businessline MSME Growth Conclave.

The sector requires stronger policy support, easier access to capital, infrastructure and talent, according to BV Naidu, Chairman of the Karnataka Digital Economy Mission

At the Bengaluru Con­clave, Shar­anaprakash Rudrappa Patil, Min­is­ter for Med­ical Edu­ca­tion and Skill Devel­op­ment of Karnataka, will be the Chief Guest. TheGuest Of Hon­our is BV Naidu, Chair­man, Karnataka Digital Eco­nomy Mis­sion (KDEM).