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Ashwajit Singh, MD, IPE Global shares his views on MSMEs with Zee Business

IPE Global | News | June 08, 2020 IST

Ashwajit Singh, MD, IPE Global shares his views on MSMEs with Zee Business

Most of the MSMEs in India want to continue as dwarf enterprises and do not want to grow primarily due to a fear of losing out on benefits enjoyed. They manage their turnover within the low limits. Revealed in the Economic Survey 2018-19, these dwarf MSMEs contribute 8% to productivity and account for 14% of the employment. In contrast, large firms with more than 100 employees account for 75% of the employment base and contribute close to 90% of the productivity.

 

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