The micro, small and medium enterprise (MSME) segment in India needs a multi-pronged heave-ho to increase its share in the gross domestic product to 50%, from around 30% today, as part of the government's avowed goal of becoming a $5 trillion economy by 2024.The imperatives on the government and regulatory side include building a comprehensive and quality 
            centralised database, making additional allocation for cluster development, increasing the proportion of 
            MSME book in priority sector lending, and improving transparency and ease of expanding business. 
            As for the MSMEs themselves, it is imperative that they ramp up their digital skills and bandwidth in order 
            to tap the enormous opportunities available.
            As per Ministry of MSME data, the sector comprises a whopping 90% of the total number of enterprises
            in the country, which account for around 60% of its jobs and almost half of its exports. As per CRISIL 
            estimates, the MSME lending book will close fiscal 2020 at Rs 19 lakh crore, or ~28% of corporate credit. 