New Delhi: While COVID-19 impacted both large and small players, the burden of the prolonged West Asia crisis is double for Indian small and medium enterprises (MSMEs). The geopolitical turmoil will chop 100 bps off MSME revenue this fiscal, says Crisil.
Indian MSMEs are facing dual challenges amid the West Asia crisis - "production cuts and revenue losses due to reduced availability of raw material such as gas and, second, margin compression stemming from trade disruptions and limited pricing power to pass on increasing commodity and energy costs," the report said.
