MSMEs in COVID-19 crisis and India’s economic relief package: a critical review

Dr. Pushkar Dubey; Kailash Kumar Sahu

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| Published: December 31, 2020

MSMEs in COVID-19 crisis and India’s economic relief package: a critical review

Dr. Pushkar Dubey

Asst. Professor and Head, Department of Management, Pandit Sundarlal Sharma (Open) University Chhattisgarh, India Google Scholar More about the auther

, Kailash Kumar Sahu

Research Scholar, Department of Management, Dr. C. V. Raman University, Bilaspur, Chhattisgarh, India Google Scholar More about the auther

DIP: 18.01.179/20200804

DOI: 10.25215/0804.179

ABSTRACT

MSMEs (Micro, Small and Medium Enterprise) are the backbone of Indian economy as it contributes more than 30% in the India’s GDP (Gross Domestic Product). The present research studies the current conditions of MSMEs amid corona virus crisis and the economic relief package, specifically for MSMEs, entitled as “Atmanirbhar Bharat (Self-Dependent India)” in order to revive the business activities of MSMEs. Critical review of the economic package and modification needed in terms of MSMEs issues in the further announcements were discussed in this paper. Former RBI (Reserve Bank of India) governor Raghuram Rajan and Nobel Prize winner in economics Prof. Abhijit Banerjee has also contributed in the discussion in order to revive the Indian economy.

Keywords

MSME, Indian Economy, Economic Package, COVID-19

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This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

How to cite this article: Dubey P. & Sahu K.K. (2020). MSMEs in COVID-19 crisis and India’s economic relief package: a critical review. International Journal of Indian Psychology, 8(4), 1651-1656. DIP:18.01.179/20200804, DOI:10.25215/0804.179