Enhancing Competitiveness and Productivity of India’s Micro, Small, and Medium-Sized Enterprises during Pandemic Recovery
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This brief outlines the key challenges that micro, small, and medium-sized enterprises (MSMEs) in India face and provides recommendations for policy reform and institutional support.
The coronavirus disease (COVID-19) pandemic has highlighted the importance of MSMEs in providing essential goods and services. In India, MSMEs have faced more difficulties since the pandemic hit. This brief provides insights on supporting pandemic recovery through seven pillars identified by The Reserve Bank of India Expert Committee on MSMEs: (i) integrated cluster infrastructure development; (ii) access to finance; (iii) skills training; (iv) product diversification; (v) marketing and branding; (vi) access to technology and digital tools; and (vii) institutional and regulatory support.
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