Bengaluru: The Micro, Small and Medium Enterprises (MSMEs) Sector plays an important role in the economic development of the country. The MSMEs contribute around 30% of the total manufacturing output and 40% of the total exports of India.
However, due to the back-to-back blows in the form of Demonetisation (November 2016) and Goods and Services Tax (GST – July 2017) proved to be severe blows to the industry.
To find more on the problems faced by MSME Sector and its wish list for the Union Budget 2019-20, ETV Bharat spoke to Basavaraj Javali, Chairman of Southern MSME Committee and President of Karnataka Small Scale Industries Association (KASSIA).
1. On impact of Demonetisation and GST on MSME Sector
2. On the proposed changes to definition of MSME
3. On the measures taken to revive MSME Sector
4. On the expectations from the Budget 2019
