ABSTRACT

Purpose – The purpose of this research paper is to analyse and evaluate the performance of the Micro, Small and Medium Enterprises (MSMEs) during the pre-COVID and post-COVID period and how has it affected the Indian economy. It also helps to understand the various Government measures taken in order to combat with the crisis faced by these enterprises. Design/methodology/approach – The study is focused on studying the repercussions and stock performances of the Indian MSMEs for which secondary data was collected from Government website of MSMEs, WTO=and NSE’s Website. Tables and charts are used for diagrammatic presentation. The stock analysis was conducted on the stock prices of a sample of 20 enterprises which come under the MSMEs. The parameters taken for the stock analysis are Average return, Aannualised return, Daily risk, Annualised risk, Stock deviation and Utility. Statistical tool like Paired T-test was used for the analysis of data. The exploratory research design was used for the research paper. Findings – The Micro, Small and Medium Enterprises (MSMEs) contribute to a commendable portion of the Gross Domestic Product (GDP) of the economy. The MSMEs contribute to 29.7% of India’s GDP and 49.7% of the Indian exports are contributed by the MSMEs. Analysing the stock performances of various manufacturing enterprises that come under MSMEs has shown that there has been a drastic fall in the prices of the shares of the sector and their performances are comparatively low with that of the pre lockdown phase. The Government of India (GOI) has taken various measures to combat with the losses that the MSMEs has faced due to the lockdown amid the Covid-19. Moratorium for 3 months is provided to the MSMEs and various other provisions has been offered to these enterprises with a longer tenor for the principal payments. Research implications – This study is essential for small business owners, researchers who wants to further learn about the impact of the MSME sector due to coronavirus and other institutional scholars. Keywords: Post Covid Impacts, MSME Sector, India
Publication date: 25/09/2021

https://ijbpas.com/pdf/2021/September/MS_IJBPAS_2021_SEPT_SPCL_1016.pdf

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https://doi.org/10.31032/IJBPAS/2021/10.9.1016