Journal Press India®

Covid-19 and Indian MSME Sector- Challenges and Opportunities

Vol 11 , Issue 2 , July - December 2022 | Pages: 10-14 | Research Paper  

https://doi.org/10.69711/sharda.ijmir.v11i2.2202


Author Details ( * ) denotes Corresponding author

1. * Anubhooti Chaudhary, Student, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (anubhootichaudhary@gmail.com)
2. Sandeep Kumar Anand, Assistant Professor, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (sandeep.anand@sharda.ac.in)

MSME’s sectors are considered as lifeline of the economy but Coronavirus has broken the foundation of the MSME's because of interest, supply and work chain disturbance, The remarkable lockdown constrained the MSME's to close their business because of these emergency and constrained worker's to traveler from their working environment. In current situation the cross-country lockdown and COVID-19 hits the Indian economy with an enormous effect on a huge degree. The review featured that cross-country lockdown have antagonistically impacted the MSME's as correlation with enormous ventures. The exploration paper means to make an appraisal of job of MSME's Indian economy by dissecting effect of COVID-19 and examined what cross country lockdown has meant for the MSME's area during COVID-19, the paper also highlighted the role of relief measures which are announced by the government and also the initiative taken by the ministry of MSME’s for the improvement of MSME’s to overcome this pandemic. The purpose of the research study is to determine the challenges and problems faced by MSME’s and how these sectors benefited from opportunities during COVID-19 to play a major role in a self-reliant India and suggest and recommend the new way for the improvement of MSME’s, the study analyze the literature related to the topic.

Keywords

MSME, Digitalization, Employment Opportunity, Government relief measures

  1. https://www.researchgate.net/figure/Classification-of-MSMEs-as-per-the-MSMED-Act-20006_tbl1_334544756
  2. Financialexpress.com.COVID-19.imp. On MSME’s Article- no.2003744, 2020.
  3. Department of Economic Affairs, economic survey of India 2019-2020, Ministry of Finance, Delhi 2020.
  4. Department of Economic Affairs economic survey 2019-2020.
  5. Indiatimes.com nearly half MSME’s witnessed 20 - 50% impact on earn. due to COVID-19 pand.Surv., 2020.
  6. Mospi.nic.in, Fiscal Statistics, mospi.nic.in/108 Fiscal-statistics, 2020.
  7. Ministry of Commerce, annual report 2013. a Ministry of Commerce, major destinations of India’s exports
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