Edition #1: Welcome to The Inner Circle — India, Ideas & Insight

Why I Started The Inner Circle — And What You Can Expect

Dear Inner Circle,

Thirty years of working at the intersection of Indian business, ancient wisdom, and public policy have given me something I want to share more deliberately: a point of view. Not just information — there is no shortage of that — but a considered, experienced perspective on why things are the way they are in India, and where they might go.

The Inner Circle will arrive in your inbox every fortnight. Each edition will have three parts: a deep dive into an MSME policy development; a reflection on mythology, the Gita, or the Vedic tradition; and a personal note on writing, thinking, or something I have learned recently.

Thank you for joining. Let us think together.

The State of Indian MSMEs in Late 2025 — A Quick Assessment

As of November 2025, India's 63 million MSMEs employ 110 million people and contribute 30% of GDP. The sector has recovered strongly from the COVID disruption, but three structural challenges remain: credit access (only 16% of MSMEs have formal credit), digital adoption (fewer than 8% have a digital presence), and formalisation (40% remain outside the GST net).

The government's policy response has been substantial — CGTMSE reform, TReDS expansion, PM Vishwakarma, ONDC for MSMEs, and the new PLI-linked MSME clusters. Most MSME owners do not know what they are entitled to.

Reading This Month

How to Start Business in India: Idea to Implementation

The complete guide to starting a business in India — from ideation to registration to first revenue.

View on Amazon →

Dr. Dibyendu Choudhury

CEO · CMAC & COWE | Author of 10 Books | MSME Advisor | Vedic Scholar

Until next fortnight — keep thinking, keep building.

Visit the Website →