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ZENITH International Journal of Business Economics & Management Research
Year : 2021, Volume : 11, Issue : 2
First page : ( 10) Last page : ( 16)
Online ISSN : 2249-8826.

Impact of corona virus pandemic on small and medium enterprises in India

Dr. Mamanshetty Sangappa V.

Assistant Professor of Economics, Govt first Grade College, Chincholi. Dist. Gulbarga, Karnatka

Online published on 30 May, 2021.

Abstract

The Indian economy is undergoing significant field of growth in SME's with diverse businesses, including machinery and equipment production, metal and electrical goods, cement, food and beverages, materials for building and development, rubber and plastic items and automation technology. The Covid-19 pandemic has had an effect on all economic sectors but nowhere is it affected so much as the MSMEs in India. The paper studies the present impact of corona virus on SME's in India. After the dust settles, SME's find it necessary, with time to stay competitive, to evolve and alter. The responses to this issue include the introduction of protection procedures, sanitation and sanitization methods, an updated sourcing policy, the incorporation of new vendors, the streamlining of their product portfolio, a more responsive evaluation of supply chain resilience, an analysis of disaster or emergency management plans. In this way SME's can cope with the corona virus pandemic.

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Keywords

SME's, Covid-19, Corona virus pandemic, Impact.

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