The SMEs & MSMEs have suffered tremendously due to Covid-19 and needs the strongest support from the Government in coming years like a specific five-year plan for their revival and growth as they are the major contributor to India’s economy and social development.
In India, the sector has gained significant importance due to its contribution to the Gross Domestic Product (GDP) of the country (approximately 30%) and exports (approximately 49%) the sector has also contributed immensely concerning entrepreneurship development especially in semi-urban and rural areas of India. Most importantly they generate large-scale employment for an unskilled or semi-skilled workforce of India.
Please click here to read the full article by Nitin Potdar published in techgraph!.
Nitin specializes in Public and Private, Mergers & Acquisitions, Business Restructuring, Asset & Share Purchase, Transborder Alliances & Joint Ventures, Private Equity and general Corporate advisory.