In a developing country like India, MSMEs are the backbone of the economy. The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries.

There are about 6.3 crore MSMEs in the country which contributes about 29 percent to India’s Gross Domestic Product (GDP).

To understand more about the role of MSMEs in the Indian economy and how the COVID-19 pandemic has impacted the sector Kunika Balhotra, Research and Communications Officer for Suno India, spoke to Amit Basole, Associate Professor of Economics at Azim Premji University in Bangalore in this episode of our podcast series, Indian Economy Explained.

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