About the initiative

India is on an ambitious path to becoming the world's third-largest economy by 2027 and a fully developed nation by 2047. At the heart of this transformation are small businesses, particularly MSMEs, which currently contribute around 30% to the nation’s GDP and form the backbone of our economy. As India continues to embrace its entrepreneurial drive and innovation spirit, the growth and expansion of these small businesses will be key to driving prosperity at the grassroots level. To champion and amplify this entrepreneurial momentum, Forbes India has launched the Small Business Summit, presented by PhonePe PG—a marquee event dedicated to empowering small businesses. This summit aims to lay a strong foundation for enterprises in today’s dynamic economic landscape. The journey begins with SMB Huddle events in "Chennai, Lucknow, Indore, and Pune'' culminating in a grand summit in Delhi.

As part of this summit, we will also recognize and felicitate a few of small businesses that have made significant contributions to India's growth. Their innovation, and impact on the industry have been remarkable, and we look forward to celebrating their achievements at this prestigious event.