MSMEs must lead Innovation Push for Viksit Bharat goal says Dr Sharan Prakash Patil

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).