- Financial Express
‘Regulatory intervention a must for building risk management capabilities in small businesses’
Ease of Doing Business for MSM Es: In India, micro, small and medium enterprises (MSMEs) account for more than 80 percent of the industrial enterprises with the largest employment potential. They contribute more than 30 percent to the nation’s GDP and more than 40 percent to the manufacturing output and exports from the country. Despite the critically important role they play within India’s economy and the world’s supply chain, many lack the professional support to identify, navigate and leverage today’s business risks. As primarily family-owned businesses, they are often governed by a small group of owners or managers. That small group can be tasked with making enormous business decisions, especially in recent years as they continue to recover from the COVID-19 pandemic.