MICRO AND SMALL MEDIUM ENTERPRISES IN INDIA: AN ANALYTICAL AND POLICY PERSPECTIVE
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The world is battling with modern horrors like the COVID, which has left the entire world befuddled and in the lurch as to how one virus has brought the entire world to a standstill. This devastating virus which is declared by the WHO as the pandemic has taken over almost countries in its grip. This virus is mounting a very serious threat to the global economy as well, which is already in grave peril. There is no doubt that the Indian economy, which is already sputtering, is growing at one of the lowest rates in the last six years. And now, a new set of economic challenges unleashed by this virus is leaving many sectors in tatters.
Micro, Small and Medium Enterprise MSME sector has emerged as a very important sector of the Indian economy, contributing significantly to employment generation, innovation, exports, and inclusive growth of the economy. Manufacturing segment within the MSME contributes to 7. MSMEs also contribute to