How technology is slowly reshaping India's entrepreneurial backbone

Open any recent piece on India's small businesses, and the same sentence shows up: MSMEs are the backbone of the Indian economy. By June 2026, more than 8.7 crore (87 million) enterprises had registered on the Udyam Registration Portal and Udyam Assist Platform, employing over 32.8 crore people, making it the second-largest source of employment. But a backbone on its own doesn't do very much.