Karan Mehrishi, Lead Economist, Acuité Group
"With the revision of definition, more MSMEs will be encouraged to grow both in terms of Net Value Added (NVA) and Employment creation. This also moves the sector one step closer to significant formalization and GST compliance. Margin money reduction and tax incentives for startups on the other hand will allow percolation of innovation and technology across the emergent sectors of the economy." |
