News & Politics

Indian Economy Explained: Role of Micro, Small and Medium Enterprises (MSME)s in India’s Economy

Nov 28, 2020 | 28 mins

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In a developing country like India, MSMEs are the backbone of the economy.
The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries

Since March of this year, with COVID-19 spread and the nationwide lockdown, MSMEs are facing severe stress. The reverse migration of millions of people, who are at the core of this sector was an added blow to an already struggling sector.

To understand more about the role of MSMEs in Indian economy and how the COVID-19 pandemic has impacted the sector Kunika Balhotra, Research and Communications Officer for Suno India, spoke to Amit Basole, Associate Professor of Economics at Azim Premji University in Bangalore in this episode of our mini-series, Indian Economy Explained.

Previous Episode:
Indian Economy Explained: Decoding India’s GDP And Economic Slowdown

Customer questions & answers

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    Robert Fox

    August 25, 2022

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  • Agon

    Robert Fox

    August 25, 2022

    White white dreamy drama tically place everything although. Place out apartment afternoon whimsical kinder, little romantic joy we flowers handmade.
    • Agon

      Robert Fox

      August 25, 2022

      White white dreamy drama tically place everything although. Place out apartment afternoon whimsical kinder, little romantic joy we flowers handmade.

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