What Modi govt needs to do for small businesses
| | | | | | | India’s approximately 42 million small and medium businesses, or SMEs in government parlance, employ over 40% of the workforce. But there has been no move to provide economic support so that these businesses can limp back to normalcy. Governments have been generally oblivious to business’ plight so far.
States like Delhi and Uttar Pradesh have warned businesses that all employees and contractors should be paid irrespective despite not coming to work during the lockdown.
Where are businesses supposed to get the money to pay salaries, if factories and workshops are not operational? |
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