MSME sector: Eight ways India can back its small enterprises
Micro, small and medium enterprises are the lifeline of the economy. They account for more than a third of the manufacturing output of the country. The six crore enterprises that employ at least 12 crore people are now in a difficult situation where mortality rate has increased manifold. MSMEs will are badly hit by the nationwide lockdown announced by the Narendra Modi government to tackle the new coronavirus outbreak. The government will have to encourage the small and medium industry and ensure adequate finances to ensure that the employment situation in the country remains robust.