World MSME Day 2026: 5 in 10 MSMEs continue to face supplier management, invoice compliance, price volatility and credit challenges; Digital Procurement adoption accelerating
GST
Dated:- 26-6-2026
PTI
New Delhi [India], June 26: India\u2019s 7.4 crore-plus MSMEs registered on the Udyam and Udyam Assist platforms form the backbone of the economy, generating employment for over 32 crore people and contributing around 31% of GDP, 35.4% of manufacturing output and nearly half of the country\u2019s exports. For these businesses \u2014 manufacturers, traders, retailers, service firms and millions of micro-entrepreneurs \u2014 procurement of raw materials, inventory, packaging, IT and office supplies remains one of the largest operating expenses and a critical daily activity. Key drivers for rising adoption of digital procurement are wide selection of products, ease of comparison across suppliers, centralised spend visibility and GST compliant invoicing
\n \u2022 8 in 10 Indian MSMEs surveyed e<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n nt, ONDC clocked around 218 million transactions in FY26, and Union Budget 2026\u201327 backs the sector with a dedicated INR10,000 crore SME Growth Fund.<\/p>\n The World MSME Day, observed every year on June 27th is a day that was designated by the United Nations General Assembly in 2017 to raise awareness of the contribution that micro, small and medium enterprises make to sustainable, inclusive economic growth, decent work and the UN Sustainable Development Goals. It is in this context that LocalCircles conducted this national study, with responses from over 16,000 MSMEs across 137 districts. The findings show the MSME procurement landscape, the challenges associated and how an increasing number of MSMEs are taking to digital procurement. = = = = = = = =<\/p>\n
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\n 7 in 10 MSME businesses surveyed have 10 or less employees
\n The survey first asked MSME respondents, \u201cWhat is the size of your business?\u201d Of the 4,540 respondents, 34% said they are a \u201cone-person business\u201d; 35% reported \u201c2\u201310 employees\u201d<\/p>\n