InvestorQ : Do you see the resurgence of COVID hitting the MSME segment in a big way?
shrinidhi Rajan made post

Do you see the resurgence of COVID hitting the MSME segment in a big way?

Answer
image
3 weeks ago
Follow

There is a recent survey by Dun & Bradstreet which pegs the COVID resurgence to hit nearly 75% of small businesses in India. The survey was done across a sample of 250 companies and one of the findings was that even among the MSMEs, the manufacturing names were hit harder than the service names.

The survey focused on MSMEs with an annual turnover of between Rs.100 crore and Rs.250 crore. Apart from the financial impact, nearly 70% of the MSMEs also were fairly apprehensive that the actual recovery from the headwinds of COVID could take more than one year considering the pressure on supply side as well as on the demand side.

1 Views