*Budget 2025 Live Updates: Big announcements for the second engine of growth - MSMEs* Moving to MSMEs, the second engine of growth, the focus will be on the 5.7 crore MSMEs, which include over one crore registered businesses employing 7.5 crore people and contributing 36% to India’s manufacturing. These MSMEs are crucial in positioning India as a global manufacturing hub, responsible for 45% of the nation's exports. To boost their growth and efficiency, the government will enhance the investment and turnover limits for MSMEs, increasing them by 2.5 times and 2 times, respectively. This move is expected to empower MSMEs to scale up, innovate, and generate more employment opportunities for the youth.