The COVID-19 Pandemic has spelt crisis across the world and has had a severe impact on the economies. With the government imposing lockdown and mandating social distancing, the world will wake up to a new culture and trend post-pandemic. It has affected all sectors of the economy, but the Micro, Small and Medium-Sized (MSMEs) Businesses have been the worst hit. This paper focuses on the impact of the COVID-19 pandemic on the Indian MSME sector and analyses the measures and initiatives taken by the Indian government along with its Central Bank– the Reserve Bank of India (RBI)—to help the MSME industry. It also addresses the challenges that the proposed measures face and further provides policy suggestions on what can be done to provide relief to the sector and stir the economy.
Read the paper Analysis of India’s Response in Addressing the Concerns of the MSME Sector by Vidhi Rupal, Research Intern, CPPR- Centre for Comparative Studies.