India Micro Small and Medium Enterprises Report - 2020

Book ID: MSMER2020

Book Type: Soft Copy

Description

COVID 19, the pandemic that broke out towards the fag- end of 2019, brings with it the seeds of a new global economic order. While the ‘Third Industrial Revolution’, by all means, was leading fast to a highly centralized global system tied up by global value chains, the objective experience of COVID 19 unleashes circumstances and arguments in favor of regional value chains, with ground for a decentralized manufacturing system. While the UN has recognized the strategic role of SMEs in the global development agenda, the Pandemic has contributed to buttressing this relevance. Both in the popular eye, as also in the media scrolls, the present circumstances lead to the doomsday for SMEs. But, it would be out of place to jump into such a conclusion. This 23rd issue of the ‘India MSME Report' series, running through nine chapters, encourages the search new policy directions. It adds to the agenda and debates on 'enterprise security', put forward by the ‘ISED Small Enterprise Observatory’. While the issues, on the one hand, are much more complex today, the responsibility of development practitioners also are on the rise.