Budget expectations: MSMEs

13 Jan 2022 , 02:40 PM

“The third wave of COVID-19 has again created a sense of uncertainty amongst small businesses in India, completely disrupting their recovery plans for 2022. While a majority of these micro, small and medium enterprises are working to overcome the new challenges, the sector requires constant support from the government to attain stability and ease of doing business.

Budget 2022 thus holds great significance for small businesses that are striving to regain business momentum and attain greater financial profits this year. In addition to a robust policy for credit disbursement, there is a need for supportive measures for digital skilling, technology incubation and upgradation of the R&D ecosystem to facilitate the digital transition of such businesses in the  new world order.”

The author of this article is Mr. Nikhil Arora, Vice President, and Managing Director, GoDaddy India

The views and opinions expressed are not of IIFL Capital Services, indiainfoline.com