This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)
Dr. Ajit Singh
The Micro, Small, and Medium Enterprises (MSME) embody the foundation of an economy in nurturing a recognizable growth rate and for engendering employment juncture. This sector has been considered as a device of socio-economic development in many developing and developed economies. It contributes significantly to India's industrial production, export, employment, and generates an extensive entrepreneurial base. The pandemic strikes globally so as also impact badly MSMEs and after COVID-19, the sector assumes a pivotal role in driving the growth engine. This paper analyzes the definition of MSMEs, the role and performance of MSMEs in the current status, and various challenges and prospects associated with the sector in India. The study concluded that the pandemic adversely impacts MSMEs and the government should take proper measures to overcome its effect.
Assistant Professor, Department of Economics, M.M.H. College, Ghaziabad, Uttar Pradesh, India
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