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One fourth of MSMEs lost more than 3% market share Last Fiscal

Published on June 27, 2022
Current Context: More than a quarter of India’s micro, small and medium enterprises (MSMEs) lost over 3% market share due to the covid pandemic.
One fourth of MSMEs lost more than 3% market share Last Fiscal
  • Pandemic-induced supply chain disruptions impacted small pesticide manufacturers etc.
  • Edible oil SMEs lost market share because of an increase in hygiene quotient and fewer buyers for oil that was sold loose.
  • Besides 40% of the SMEs lost market share because of their essential nature, such as pharmaceutical and agricultural millers.
  • The majority of tobacco selling points remained closed due to health concerns, as a result,  tobacco processing SMEs faces huge loss.
  • As per the report, many sectors such as transport operators, edible oil, gems, and jewellery are most vulnerable to EBITDA losses.
  • In addition to that MSMEs should see revenue increase 9-11% this fiscal to 1.25 times the fiscal 2020 level.

Question:

Q.1 According to a CRISIL report, One-fourth of MSMEs lost more than ________ market share in the last fiscal.
a. 4%
b. 5%
c. 3%
d. 6%
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