India is making big moves at the global level. As the chair of BRICS in 2026, India is leading the way for MSME cooperation across member nations. This is a huge opportunity for small businesses not just in India, but across the world.
Let’s understand what’s happening and why it matters.
India’s Big Role in BRICS MSME Cooperation 2026
India holds the chair of BRICS in 2026. This means India leads all key discussions this year. One of India’s top priorities? MSME growth and cooperation among BRICS nations.
India is leading the SME Working Group under the BRICS PartNIR (Partnership on the New Industrial Revolution). This framework was launched in 2017. It focuses on digital economy, new technology, and industrial growth.
“As Chair of BRICS in 2026, India is spearheading a renewed agenda for MSME cooperation under PartNIR.” — Ministry of MSME, Government of India
Also Read: Gujarat Cluster Development Scheme: Eligibility, Benefits, How to Apply for Artisan Support!
BRICS SME Working Group Meetings 2026: A Quick Look
The Ministry of MSME is mandated to hold three SME Working Group Meetings and the inaugural BRICS MSME Forum in 2026.
Here’s what has happened so far:
- April 24, 2026 — 1st meeting held virtually. Topic: “Access to Finance for MSMEs”
- May 26, 2026 — 2nd meeting held. Topic: “Enhancing Access to Technology for MSMEs”
- Discussions focused on fintech-driven finance, digital payments, and skill development.
All BRICS member countries actively participated in these meetings.
The Big Problem: MSME Credit Gap in India
These meetings are not just talks. They address a real crisis.
According to a 2025 SIDBI-Crisil Report, India faces a massive ₹30 lakh crore MSME credit gap. This means small businesses struggle to get loans.
Key facts about India’s MSMEs:
- 7.86 crore MSMEs are registered in India.
- They employ 34.63 crore people.
- MSME exports rose from ₹3.95 lakh crore (2021) to ₹12.39 lakh crore (2025).
- MSMEs contribute nearly 30% of India’s GDP.
Delayed payments and lack of credit remain the biggest hurdles. The BRICS SME Working Group discussions are directly targeting these issues.
Also Read: Union Budget 2026 MSME Growth: Big Boost for Small Businesses in India
Fintech & Technology: The New Focus
The 2nd BRICS SME Working Group Meeting focused on tech access. Topics included:
- Harnessing innovation and technology for MSMEs.
- Skilling workers for tech adoption in small businesses.
- Building industry-ready manpower across BRICS nations.
This shows India is not just talking finance. India is pushing for a full MSME inclusive growth model.
Why This Matters for India’s Small Businesses
India’s BRICS MSME agenda sends a strong message. India wants to:
- Help small businesses get credit easily.
- Connect MSMEs to global trade.
- Use fintech and digital tools to bridge the gap.
- Build resilient and competitive MSMEs across BRICS nations.
India’s Ministry of MSME global trade 2026 push is also about becoming a manufacturing and export leader on the world stage.
Also Read: Collateral-Free MSME Loans Now Up to ₹20 Lakh: RBI’s Major Announcement
Final Thought
India’s leadership in India BRICS MSME Cooperation 2026 is historic. Small businesses are no longer an afterthought. They are at the centre of India’s global strategy.
With the inaugural BRICS MSME Forum still to come, the best is yet ahead. India is not just participating — India is leading the change.
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Frequently Asked Questions
1) What is India BRICS MSME Cooperation 2026?
Ans. India holds the BRICS Chair in 2026. As chair, India is leading a special agenda for small businesses. The goal is to improve MSME growth, credit access, and global trade across all BRICS nations. It works under the BRICS PartNIR framework.
2) How many BRICS MSME meetings has India planned in 2026?
Ans. India’s Ministry of MSME is mandated to hold:
- 3 SME Working Group Meetings
- 1 Inaugural BRICS MSME Forum
3) What is the MSME credit gap in India?
Ans. According to the 2025 SIDBI-Crisil Report, India faces a massive ₹30 lakh crore MSME credit gap. This means millions of small businesses cannot access formal loans easily. The BRICS cooperation agenda directly targets this problem.
4) What is the inaugural BRICS MSME Forum?
Ans. The inaugural BRICS MSME Forum is a first-of-its-kind event planned under India’s 2026 chairship. It will bring together policymakers, MSME leaders, and finance experts from all BRICS nations. The forum aims to create a shared roadmap for MSME growth, technology access, and inclusive development across member countries.
5) How many MSMEs are there in India in 2026?
Ans. As of February 2026, India has:
- 7.86 crore MSMEs registered on the Udyam Portal
- They employ 34.63 crore people
- MSME exports reached ₹12.39 lakh crore in 2025
