Government Strategies to Minimize the COVID-19 Fallout on MSMEs in India
Currently, the whole country is going across a stressful era. Pandemic has swept the whole planet into its grasp and has smudged the lives of citizens as well as the global economies as a result. COVID-19 has been one of the 2020 mega tragedies. The correlation is clear since the primary issue does seem to be unemployment and financial losses, which causes a huge decrease in consumer spending for all industrialized nations. Consequently, workers have been eliminated, and consumers have a drastic lack of their wages, creating a large fall in prices. Findings reflect that economies all around the world are suffering from COVID-19, which has made the entire world panic and the pandemic virus has taken over almost 195 countries in its grip. It is quite evident that the enterprises in the MSME sector are the most vulnerable ones in the era of the COVID-19 pandemic because of their size, the scale of operation, limited financial managerial resources, and more importantly, they do not have the capacity to deal with something so unexpected.