SENSEX   73,832.55

 -150.63

NIFTY   23,161.60

 -53.35

CRUDEOIL   8,718.00

 -8.00

GOLD   147,350.00

 -667.00

SILVER   234,400.00

 -1,105.00

Updated - June 04, 2026 at 06:36 AM.

| New Delhi

Union MSME Minister Jitan Ram Manjhi highlighted the importance of the MSME sector as a key driver of employment, manufacturing and exports, and stressed the need for preparedness amid global uncertainties. | Photo Credit: Siva SaravananS

Union Minister Jitan Ram Manjhi held a review meeting on measures to protect the country's MSMEs from the potential impact of the West Asia crisis, directing officials to closely monitor the evolving situation and develop timely strategies to address any challenges arising from the global developments.

The minister for Micro, Small and Medium Enterprises (MSME) held the meeting on Tuesday to assess any impact of geopolitical developments in West Asia on India's MSME sector.

The meeting involved a comprehensive review of availability and prices of raw materials due to disruption of global supply chains, exports and imports, and gas-related issues, transportation and logistics, and working capital concerns of the MSME sector, an official statement said.

The minister directed close monitoring of the evolving situation and developing strategies to address potential challenges arising out of the global developments, it said.

Addressing the meeting, Manjhi underscored the critical role of the MSME sector in India's economic growth, describing it as the backbone of the economy.

He said the sector not only generates employment for millions but also makes a substantial contribution to the country's manufacturing output and exports.

Published on June 4, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.