Impact of Government reforms on Indian MSMEs during COVID 19: An analytical study

Abstract

The whole world is going through a revolutionary change but this time it is not because of changes in technology or government policies. The entire world has changed in order to adapt to the unwarranted pandemic situation created by COVID 19 virus. The economic growth is negative across the world and the Indian economy is no exception. The worst affected is the micro, small and medium scale sector of India, which faced some major challenges. The paper explores the problems these MSMEs (Micro, Small & Medium scale Enterprises) faced during this pandemic and the crisis management that the government can do for the revival of this sector. The paper analyses the government reforms and the changes that Indian MSMEs need to bring to survive such hard times.

Subject Classification:

• G38
• H12
• O38
• H53

Keywords:

• COVID 19
• MSMEs
• Micro
• Small & medium scale enterprises
• Government policies
• Crisis management
• Indian economy
• Pandemic