Inflation is expected to stay within the target range of 3.5 to 5.5 percent for 2010. The outlook for the BOP position and the GIR level continues to be favorable, with the current account projected to remain in surplus. While we expect the economy to continue to perform strongly, we remain conscious of the risks and challenges that lie ahead.
The share of MSME sector in India’s merchandise exports stood at around 48 per cent in 2018-196. This signifies that Indian MSMEs are becoming globally competitive and their products/services are being accepted overseas. In this background, special attention needs to be given to improve the competitiveness and technology up-gradation endeavours.