Save MSMEs from closure to protect country's industrial capital: economists

If small units shut down, it will lead to more imports and eventually inflation for years to come, they said at a webinar on Tuesday

Micro, small and medium enterprises (MSME) must be saved from being closed down, otherwise the country’s industrial capacity will shrink and lead to more imports and eventually inflation for years to come, top economists discussed at a webinar on Tuesday. 

V Anantha Nageswaran, Member, Prime Minister’s Economic Advisory Council, Pronab Sen, former Chief Statistician of India, Rathin Roy, Director and Chief Executive National Institute of Public Finance and Policy (NIPFP) and Ananth Narayan, Associate Professor at SP Jain Institute of Management Research (SPJIMR) took part in the discussion on what is needed to revive the Indian econony, organised by The