4 min read.Updated: 01 Sep 2021, 01:44 AM ISTAruna Sharma
There is much the government must do for our small businesses to flourish in a fast-changing environment
Micro, small and medium enterprises (MSMEs), are vital for the employment they can generate and also their contribution to gross domestic product (GDP). Customer behaviour across the globe, more so after the pandemic, has trended towards purchases through e-commerce platforms, irrespective of product category, be it heavy machinery or daily-use household goods. If India is to make the most of this trend, then we must reverse all that disincentivizes MSMEs from boarding e-com platforms, so that they can address both domestic and international markets. India’s goods and services tax (GST) framework, for example, has inbuilt dichotomies that need to be fixed. Similarly, we have no regulatory clarity on recognizing part-time workers, and this hinders quick expansion.
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