MSMEs must leverage markets to raise funds, says NSE MD

NEW DELHI: NSE MD & CEO Ashishkumar Chauhan has said with 11 crore registered investors and 21 crore accounts, India is poised to fund entrepreneurial dreams and MSMEs must leverage capital markets to secure funding and scale businesses.

“The world is moving from a unipolar system (dominated by the US) to a multipolar system, where India is emerging as a key player alongside major economies. Historical events, such as the US strategically engaging with China in the 1970s to pull it away from Russia, gave China economic advantages that fuelled its rapid growth. However, today, the US and other western nations are reassessing their relationships and shifting their focus towards India and other emerging economies,” he said at IDFC FIRST Bank presents ET NOW Leaders of Tomorrow Awards Season 12.

In his keynote address at the event on ‘Empowering India’s MSMEs for Global Leadership’, Lok Sabha MP Anurag Singh Thakur, a former Union minister said MSMEs will power India’s vision of being a developed country by 2047 .