MSMEs will take 7-8 months to recover from Covid-19 impact: D&B economist

Traditional sectors like food, drugs, pharmaceutical, ITes (IT-enabled services), banking, retail, automotive, real estate and jewellery are witnessing moderate to high to severe impact

The MSMEs will take at least 7-8 months to recover from the impact of Covid-19 pandemic, and the recovery rate of an enterprise will depend on factors like its rate of digitisation and the sector in which it is operating, Global Chief Economist at Dun & Bradstreet Arun Singh said on Tuesday.

The Micro, Small and Medium Enterprises (MSMEs) contribute 29 per cent to the country’s GDP. The sector is among the worst hit by the pandemic.

Addressing a webinar, Singh said the recovery time of an MSME will be tied to the sector in which it is operational.

According