IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811266539_0007.html
   My bibliography  Save this book chapter

Challenges Faced by MSMEs during the COVID-19 Pandemic: A Way Ahead

In: BUSINESSES: RESILIENCE AND SUSTAINABILITY Evidence from Emerging Market Developing Economies

Author

Listed:
  • Ruchi Bhalla

Abstract

India’s growth is largely due to the presence of small, informal firms that operate in the unorganized sector. The unorganized sector forms a large fraction of India’s GDP. According to the NSSO, there are nearly 63 million MSMEs in the country. As per the recent reports, MSMEs contribute around 30% to India’s GDP, and based on conservative estimates, employ around 50% of industrial workers and 20% of women workers. The coronavirus pandemic (COVID-19) lockdown has substantially disrupted the operations of these MSMEs due to their dependence on the cash economy that has been severely hit by the lockdown, the physical non-availability of workers and restrictions in the availability of raw materials and transport infrastructure. This will have substantial ramifications throughout the economy and, therefore, a robust policy response is essential.The chapter is drafted to gain information about the challenges that have been faced by MSMEs during the pandemic and also to study the implications of government policies that focused on the regrowth of this sector. The study also focuses on defining a way ahead for MSMEs and highlights the key policy measures to control the fallout of the sector.

Suggested Citation

  • Ruchi Bhalla, 2023. "Challenges Faced by MSMEs during the COVID-19 Pandemic: A Way Ahead," World Scientific Book Chapters, in: Reena Marwah & Anshi Goel (ed.), BUSINESSES: RESILIENCE AND SUSTAINABILITY Evidence from Emerging Market Developing Economies, chapter 7, pages 121-138, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811266539_0007
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811266539_0007
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811266539_0007
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Business Resilience; Sustainable Business Strategies; Micro Small & Medium Enterprises; Women Entrepreneurs; Stock Markets; Developments in ASEAN Economies;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811266539_0007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.