Similar to the global economy, the pandemic created numerous challenges for the Indian economy as well. Because of its size, scope of operations, and accessibility to funding, the MSMEs sector has been one of the most susceptible sectors during the epidemic. Strengthscape’s Covid 19 Economic Stimulus Webinar covers some of the initiatives that have been taken by the Indian Government to support their growth and suggests some more measures that might be helpful in bringing MSME’s back on track.  

Similar to the global economy, the pandemic created numerous challenges for the Indian economy as well. 

Because of its size, scope of operations, and accessibility to funding, the MSMEs sector has been one of the most susceptible sectors during the epidemic. Research and surveys revealed that the national lockdown, which was enforced in April 2020, had a negative impact on about 95% of businesses, and that 70% of operations continued to be interrupted until August 2020. 

Strengthscape’s Covid 19 Economic Stimulus Webinar aims to understand the impact of the global pandemic on the general Indian economy, and the MSME sector.  

Key Takeaways

Strengthscape’s Covid 19 Economic Stimulus Webinar discusses the impact of COVID 19 on the Indian Economny and the MSME sector. This webinar covers some of the initiatives that have been taken by the Indian Government to support their growth and suggests some more measures that might be helpful in bringing MSME’s back on track. 

This webinar will help you: 

  • Understand impact of COVID-19 on the world and business 
  • Infer how to prepare the MSME Sector for future crisis situations 
  • Outline the stimulus package announced by the government

MSMEs must evaluate their financial situation and security immediately. The government may step forward to offer various economic stimulus and soft loans with a longer repayment term and enhanced credit limit to boost MSMEs during the pandemic crisis. 

MSMEs must re-plan their total value proposition by enhancing product quality, bolstering distribution channels, and utilizing cutting-edge advertising techniques, among other things. To expand market outreach among buyers and providers, a robust digital ecosystem must be built.  

Economic stimulus, among other initiatives, need to be taken by and for MSME’s to facilitate long term sustainability and development.