MSMEs Must Integrate Into Supply Chains For 7-8% Growth: NITI Aayog VC

India's micro, small, and medium enterprises must be integrated into larger supply chains to drive competitiveness and sustain 7-8% economic growth, NITI Aayog Vice Chairman Suman Bery said on Thursday.

"The challenge is to keep pushing forward—India's corporate sector must step up, and MSMEs need to be integrated into larger supply chains to drive real competitiveness and achieve 7-8% growth," he said at a CII event.

Bery noted that India has staged a strong post-COVID economic recovery, emerging as the fastest-growing large economy, as acknowledged by the IMF. "With moderate inflation and declining poverty levels, the country is on a strong growth trajectory. The challenge now is to sustain and accelerate this momentum," he said.

He highlighted India's transition from a collection of regional economies into a unified national market. "But with GST and major infrastructure investments, we are now transitioning into a truly unified national economy. This integration will be one of the most powerful drivers of India's future growth," he said.

On sustainability, Bery stressed the need for Indian enterprises to adapt to greener supply chains. "Sustainability is no longer just about compliance; it is becoming a core factor in global competitiveness," he said, adding that MSMEs must be supported in this transition to ensure they are part of a greener, more resilient industrial ecosystem.

(With text inputs from PTI.)