Editorial with Sujit Nair: 10,000 MSMEs Shut Shop In 2023

As many as 10,655 micro, small and medium enterprises closed down in the financial year 2022-23 – the highest in the last four years. This data also misses one year of the month, since the year is still ongoing – so the actual number may be even higher. In 2021-22 that number was 6,222, which in 2020-21 it was far lower at 175 and in 2019-20 it was 400. In this episode of the Editorial our Managing Editor Mr Sujit Nair shares his take on the matter.