How MSMEs across India are struggling to recover from Covid fallout

Micro, Small and Medium Enterprises form a sizable chunk of the country’s manufacturing economy and export whilst employing millions. However, India’s vital growth sector witnessed a downturn with demonetisation and GST in the last few years which was further aggravated…

How MSMEs across India are struggling to recover from Covid fallout

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Micro, Small and Medium Enterprises form a sizable chunk of the country’s manufacturing economy and export whilst employing millions. However, India’s vital growth sector witnessed a downturn with demonetisation and GST in the last few years which was further aggravated by a cataclysmic COVID-19 pandemic. As MSMEs’ crawled back fighting for survival amidst dip in covid cases, their recovery has been bolted by increasing raw material prices, decreasing demand and other disruptions in market.
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