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Updated Dec 16, 2020 | 16:26 IST
The India Revival Mission eForum that was conducted on December 9, 2020 put the spotlight on the topic, ‘What Next? Bolstering MSMEs For Growth Revival’. Read for more insights IRM eForum puts the spotlight on bolstering India s MSME sector
The MSME sector is the backbone of the Indian economy. Over 6 crore MSMEs provide employment to more than 11 crore individuals and contribute 6 percent to the manufacturing GDP, besides contributing over 24 percent to the service GDP of the country. The outbreak of the COVID-19 pandemic followed by the lockdown hit the MSMEs hard with manufacturing and sales coming to a standstill.