Start-ups, MSMEs look for stability amid political shift

As Modi’s third term as the Prime Minister is yet to be unveiled along with NDA alliance, start-ups and MSMEs seem to be restless on what lied ahead in terms of policy changes

With the BJP not securing full majority as anticipated by the exit polls, the start-up and MSME world seem to be worried about political stability.

Talking to Business Today on the condition of anonymity, a Delhi-based MSME owner, who a manufacturer of candles, says in the past few years, the MSMEs which were sidelined, saw a major push from the government. “With all vocal for local and make in India movements, the homegrown businesses flourished but now things seem dicey as the lack of full majority of the government may resist them to take bold moves,” he added.