NEW DELHI : 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% 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 to him, sectors like online gaming, telecommunications and e-education operating in the digital space are witnessing a positive impact by leveraging opportunities arising from the.