The narrative surrounding India’s Micro, Small, and Medium Enterprises (MSMEs) has long been dominated by a single metric: employment. While providing a livelihood to over 32.82 crore people (as per the Economic Survey 2025–26) is a monumental achievement, viewing MSMEs solely through the lens of a “job creator” does a massive disservice to their multi-dimensional impact. https://www.scribd.com/document/1047231931/MSMEs-as-Indias-Economic-Backbone-Beyond-Just-Employment-Numbers