In a developing country like India, MSMEs are the backbone of the economy. The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries.

There are about 6.3 crore MSMEs in the country which contributes about 29 percent to India’s Gross Domestic Product (GDP).

To understand more about the role of MSMEs in the Indian economy and how the COVID-19 pandemic has impacted the sector Kunika Balhotra, Research and Communications Officer for Suno India, spoke to Amit Basole, Associate Professor of Economics at Azim Premji University in Bangalore in this episode of our podcast series, Indian Economy Explained.

In a developing country like India, MSMEs are the backbone of the economy. The MSME sector contributes to 45% of India&rsquo;s Total Industrial Employment, 50% of India&rsquo;s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries.
There are about 6.3 crore MSMEs in the country which contributes about 29 percent to India&rsquo;s Gross Domestic Product (GDP).
To understand more about the role of MSMEs in the Indian economy and how the COVID-19 pandemic has impacted the sector <a href="https://twitter.com/BalhotraKunika">Kunika Balhotra</a>, Research and Communications Officer for Suno India, spoke to&nbsp;<a href="https://twitter.com/amitbasole">Amit Basole</a>, Associate Professor of Economics at Azim Premji University in Bangalore in this episode of our podcast series, Indian Economy Explained.

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds 

But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained. 

In the “Indian Economy Explained” series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds&nbsp;
But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained.&nbsp;
In the &ldquo;Indian Economy Explained&rdquo; series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Indian Economy Explained

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).  An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. 

To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.

This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).&nbsp; An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents.&nbsp;
To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.
This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

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