MSMEs showed more resilience during 2nd wave: study
The Hindu
‘Business declined only 11% in 2021 compared with almost half in 2020’
India's medium, small and micro enterprises (MSMEs) have shown better resilience during the second wave of COVID-19 as their businesses, on an average, declined by only 11% compared with almost half (46%) after the national lockdown in 2020, as per a study. A 2021 mid-year COVID-impact analysis, released by fintech start-up Khatabook on Wednesday, however, said the MSME segment was yet to recover to the pre-COVID levels of March 2020. According to the analysis, tier 1 and 2 cities experienced slightly less business impact of the pandemic during the second wave compared with metros, tier 3 and tier 4 towns. Also, large businesses were more sensitive towards the pandemic-induced restrictions than medium and small businesses, it found.
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