MSMEs saw 11% dip in business due to lockdowns in 2021, says report

Interestingly, MSMEs going digital have increased. Use of in-app features per user has risen 72% over last year in a sign that MSMEs have started utilizing full functionality of digital solutions.

Micro, Small and Medium Enterprises (MSMEs) in India have seen an average 11 percent decline in business volume due to lockdowns in 2021, compared to 46 percent during the 2020 nationwide lockdown, said a survey conducted by fintech start-up Khatabook.

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