MSMEs not growing due to policy deficiency: Congress MP Praveen Chakravarthy
Congress MP Praveen Chakravarthy criticized the government's MSME Amendment Bill, arguing that it focuses on 'administering smallness' rather than fostering growth. He linked the lack of MSME development to broader youth unemployment and policy deficiencies.
Why it matters
The critique highlights a significant economic debate regarding India's industrial policy and its impact on job creation for the youth.
Congress Rajya Sabha MP from Tamil Nadu, Praveen Chakravarthy, said on August 3 that he was not allowed to speak about the MSME Amendment Bill in Parliament because he began his speech with a reference to the recent protests by students in New Delhi and across the country against the NEET paper leaks.
In a video statement, he said that although the protests were “seemingly against examination paper leaks”, they reflected the youth’s anguish and despair over their future. “Youth were gasping for jobs, incomes, and prosperity. MSMEs could be the magic jobs pill for India’s youth, providing optimism for the future,” he said, reading from his prepared speech.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in