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Over one-third of MSMEs close to shutting operations: Survey

Shortpedia

Content Team

The brutish impact of the coronavirus pandemic has started revealing itself, with 35% of India's Micro, Small and Medium Enterprises (MSMEs) initiating the process of winding up operations, a survey conducted by All India Manufacturers' Association (AIMO) said. 37% of self-employed persons are also doing the same. This only shows that the "bumper" package announced to revive MSMEs made no difference on the ground.