Discussing the State of MSMEs in Global Trade | InterLinked X G20 | In Conversation with Ranen Bannerjee

Interviewed by: Bilquis Calcuttawala and Madhumita Suresh This episode is part of a special series in collaboration with the Centre for G20 Studies. The podcast conversation revolves around the state of Micro, Small, and Medium Enterprises (MSMEs) in global trade, particularly their role within the G20 framework, and the challenges they encounter when venturing into international markets. MSMEs are recognized as crucial drivers of economic growth and job creation, but they face obstacles such as limited resources, inadequate market knowledge, and regulatory barriers when accessing global markets. We also discuss the importance of supportive policies that facilitate market access and reduce trade barriers for MSMEs. The conversation then delves into how the G20 can assist MSMEs in utilizing technology to improve their access to global markets. It explores the potential of the G20 as a platform for sharing best practices, promoting digitalization, and facilitating technology adoption among MSMEs. Lastly, we conclude our discussion with the theme of sustainability and competitiveness for MSMEs, mentioning the G20 Policy Toolkit, which is presumably a resource offering guidelines or recommendations for MSMEs to enhance competitiveness while embracing sustainable practices. Ranen Banerjee is a Partner at PwC India with over 25 years of experience in the consulting industry. He has worked with clients across multiple sectors and geographies, demonstrating strong leadership, governance, and entrepreneurial skills that have led to the development and growth of profitable practices at the firm. Currently, Mr Banerjee leads the Government Sector work and the Economic Advisory Services practice at PwC India. He is a highly respected professional in the consulting industry, known for his commitment to excellence, thought leadership, and industry expertise. Image Source: https://auto.economictimes.indiatimes.com/news/industry/inclusion-of-traders-retailers-as-msmes-to-improve-ease-of-doing-business/85349667