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A reality check on MSMEs, jobs, economy The business of speaking out when few others do Out of 7 crore entrepreneurs, MSMEs, 30 per cent are almost dead, K.E. Raghunathan tells Rahul Gandhi
An industrialist has uttered in public what Arnab Goswami would hear out in private but did not dare declare from his TV pulpit. “Out of 7 crore entrepreneurs, MSMEs (micro small and medium enterprises), 30 per cent are almost dead. What is 30 per cent? 2.1 crore…. That 2.1 crore give jobs for almost 20 crore people. They are not bothered,” K.E. Raghunathan told Rahul Gandhi at an interaction in Coimbatore, Tamil Nadu, on Saturday. “We are seeing only the balance 60 per cent and saying ‘greenshoots’. I am seeing shooting myself as an entrepreneur. How are we progressing?