Exploring The Post-COVID Reality Of Msmes In Mizoram: A Comparative Study Of UDYAM-Registered Enterprises In Mizoram
Abstract
India has acknowledged the importance of MSMEs, especially considering the recent impacts from the COVID-19 pandemic. MSMEs in India contributed significantly towards our economy. In the fiscal year 2019-20, MSMEs contributed 30.5% to India's Gross Domestic Product (GDP) through their Gross Value Added (GVA). However, this percentage marginally decreased to 27.2% in the fiscal year 2020-21 mainly due to COVID-19 pandemic. This decline underlines not only the economic vulnerability of MSMEs in times of crisis but also their significant role as drivers of both national and state-level economies. The current research centers on a randomly chosen sample of UDYAM-registered MSMEs in Mizoram. It aims to explore potential significant differences between the data declared during UDYAM registration and the actual circumstances of these businesses in the aftermath of the COVID-19 pandemic.
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