Affiliation:
1. Department of Management Sciences, Savitribai Phule Pune University, India
Abstract
The micro small and medium scale industry in India is an important sector, as it has contributed tremendously to the economic as well as social development. It has not only encouraged entrepreneurship but has also been instrumental in generating employment. The sector supports large-scale industries as it offers a wide range of products and services. The Covid 19 pandemic is having an impact on the sector such as loss of profit and revenue, loss of employment, and working capital problems. The chapter covers the impact in three stages: pre-pandemic, during the lock down, post-lock down and post-pandemic. It studies the remedial measures undertaken to revive and sustain the sector. It traces the risks, challenges, and opportunities for the sector. The chapter focuses on the journey of the MSMEs Sector from before the pandemic to the current situation and tries to analyse what lies ahead.