Crisil Report: During the Corona epidemic, 25 percent of micro, small and medium (MSME) enterprises have lost their three percent market share to big companies. This information was given in a report released on Monday. The research department of rating agency CRISIL has released this report after analyzing MSMEs of 69 sectors and 147 clusters with revenue of Rs 47 lakh crore.
information in the report
Let us tell you that this amount is 25 percent of the country’s gross domestic product (GDP). The report said that due to the Kovid-19 epidemic, the market share of more than one-fourth of the micro, small and medium enterprises decreased by more than three percent.
Know what the director of Crisil said
Apart from this, half of the companies in MSME sector are facing reduction in their operating profit along with market share. CRISIL Director Pushan Sharma said that large scale companies taking advantage of their global presence mobilized raw material and acquired a major share of micro, small and medium scale players.
impact on small companies
Sharma further said that due to the disruption in the supply chain, small companies making pesticides have been affected. At the same time, keeping in mind the cleanliness during the epidemic, people reduced the purchase of loose oil, which reduced the market share of small and medium scale companies of edible oils.
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