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Shaktikanta Das predicted the healthcare sector to witness strong growth in the coming years with its commitment to R & D and low cost of production.
Story outline
Technology and innovation is another area where small sized units are playing a significant role.
Another sector expected to give a push to India’s exports and growth is the FTAs.
Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the growth engine of economy with a vast network of about 6.33 crore enterprises, contributing 30% of GDP and approximately 50% to exports. Speaking at the 185th foundation day of the Bombay Chamber of Commerce and Industry, Das added that the sector has been rendered especially vulnerable by the pandemic, necessitating concerted efforts to combat the stress and focus on revival of the sector.