News
Why is India’s tax administration not in sync with MSMEs and exporters?
- Date:
- June 10, 2020
- Source:
- Financial Express
The Report of the Working Group on Micro, Small and Medium Enterprises (MSMEs) Growth for the 12th Five Year Plan (2012-17) estimated the sector accounts for 45% of the manufacturing output and 40% of total exports of India. As per official estimates, there are 63.05 million micro industries, 0.33 million small, and 5,000 medium enterprises in the country. As a comparison, one should bear in mind…