The Economic TimesMay 10, 2022About Rs 10.7-lakh-crore stuck in delayed payments to MSMEs, amounting to 6% of India’s GVAImagine despite it being three days past the salary day, not only is there no money credited into your account, but you have no clue when it will happen. How do you plan expenses and savings with such uncertainty? A majority of India’s MSMEs, payments being delayed and the associated uncertainty is the norm rather than an exception. The buyers realise goods and services, but routinely delay payments. Our quantitative analysis estimates that approximately Rs 10.7 lakh crore is stuck as delayed payments to MSMEs in India, amounting to 6% of India’s GVA (Gross Value Added) for FY 2020-21.Read more at The Economic Times
Imagine despite it being three days past the salary day, not only is there no money credited into your account, but you have no clue when it will happen. How do you plan expenses and savings with such uncertainty? A majority of India’s MSMEs, payments being delayed and the associated uncertainty is the norm rather than an exception. The buyers realise goods and services, but routinely delay payments. Our quantitative analysis estimates that approximately Rs 10.7 lakh crore is stuck as delayed payments to MSMEs in India, amounting to 6% of India’s GVA (Gross Value Added) for FY 2020-21.Read more at The Economic Times
