While wage demands sparked recent labour unrest in the Noida-Greater Noida industrial belt, industry stakeholders say the concerns run deeper. High compliance burdens, legacy bureaucracy, and credit constraints continue to be key structural issues for micro, small, and medium enterprises (MSMEs) in this region, prompting calls for policy action beyond wage revisions. Despite the government’s increasing focus on MSMEs, stakeholders point to a widening gap between policy intent and on-ground execution that continues to constrain the sector.
Stakeholders say there is no denying that the current policy environment is pro-MSME, with a strong belief that the growth of small enterprises will drive overall economic expansion. However, they add that legacy bureaucratic systems and entrenched administrative practices are undermining their growth momentum.
