One year of GST: MSMEs revenue rose 27% in FY18, vibrancy returning to sector, says report
A study has revealed that revenues of micro, small and medium enterprises surged by 27 per cent and operating profit by 66 per cent in 2017-18, signaling that vibrancy is returning to the sector after challenges posed by GST rollout and to an extent demonetization.
Shankar Chakraborty said there is a need to revive fresh lending by public sector banks to MSMEs through specific measures. Image source: PTI