Chennai: India's micro, small and medium enterprises (MSMEs) contributed nearly 30% to the country's GDP in FY25, up from post-Covid lows of 27.3% in FY21. This rise has been driven by increased formalisation, better access to institutional credit, and deeper integration into domestic and global value chains. Export performance has been particularly notable, with MSME exports tripling to ₹12 lakh crore over the past five financial years, accounting for 46% of India's total exports, according to the fourth edition of the MSME Sampark Report, prepared by Ugro Capital in collaboration with Dun & Bradstreet . . .