Challenges of MSME in Manipur Post Covid-19: A Pilot Study

Abstract

The Covid-19 epidemic had affected every economic sector, but nowhere are they affected as severely as the MSMEs in India. MSMEs realise that they must develop and change over time in order to remain competitive. The purpose of this study is to determine the extent of challenges posed by MSMEs of Manipur after COVID-19 and to make recommendations for solutions to ensure their viability during these trying times. It also aids in understanding and identifying the numerous problems these enterprises are currently experiencing. The findings in this research have significant ramifications that will enable the economy to recover from its crisis. As a result, the research intends to present data that will evaluate the MSME in this period by outlining the challenges. It was found that the biggest challenges include market competition from larger corporations, product costs, poor infrastructure, and a lack of technical expertise. The overall level of challenges faced by the MSME of Manipur is also high. The challenges that the MSME faces are essentially the same for both male and female. Therefore, MSMEs in Manipur can strengthen their position in the global market by strong emphasis on increasing exports and creating domestic demand that is necessary for the MSMEs sector to quickly recover through advancements and innovation in technology, infrastructures and products.