ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Shantanu KhannaSubscribe to Shantanu Khanna

Impact of COVID-19 on MSMEs

Micro, small, and medium enterprises contribute a third of India’s gross domestic product and provide employment to over 110 million workers. Using a mixed methods design to ascertain the level of sectoral distress at the peak of the nationwide lockdown in May 2020, we found production falling from an average of 75% of capacity to just 13%. On an average, firms retained only 44% of their workforce, and 69% of firms reported inability to survive longer than three months. Distress measures were more severe for smaller firms by employment size.
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