<?php echo html_escape(strip_tags($title)); ?>

MSME Units Engaged as Vendors

Dun & Bradstreet Report

By Sanjana --
Friday, 18 Dec, 2020

The global economy has been disrupted like never before by the Covid-19 pandemic leading to unprecedented public health and socio-economic crisis. The course of economic activity will be shaped by three factors — period of lockdown, the global recession and the changes in consumer behaviour.

India’s quarterly growth rate has been receding sequentially since Q4 FY18 and India recorded a growth of 4.2% in FY20, the lowest in 11 years. MSMEs in India contribute to 29% to GDP, almost half of India's exports and employing 110 million people.

The lack of impetus for structural initiatives have caused disruptions and low productivity for MSMEs. From an average of around 13% growth, clocked during FY12-FY14, bank credit to MSMEs dropped steeply to 1% during FY20.
To understand how the recovery of the economy is taking shape, Dun & Bradstreet has looked at the extent of impact on 14 sectors, out of which the impact on the MSME sector has been severe.

Dun & Bradstreet Report. The global economy has been disrupted like never before by the Covid-19 pandemic leading to unprecedented public health and socio-economic crisis. The course of economic activity will be shaped by three factors — period of lockdown, the global recession and the changes in consumer behaviour. 
 
India’s quarterly growth rate has been receding sequentially since Q4 FY18 and India recorded a growth of 4.2% in FY20, the lowest in 11 years. MSMEs in India contribute to 29% to GDP, almost half of India's exports and employing 110 million people. 
 
The lack of impetus for structural initiatives have caused disruptions and low productivity for MSMEs. From an average of around 13% growth, clocked during FY12-FY14, bank credit to MSMEs dropped steeply to 1% during FY20. 
To understand how the recovery of the economy is taking shape, Dun & Bradstreet has looked at the extent of impact on 14 sectors, out of which the impact on the MSME sector has been severe.