The cumulative COVID-19 vaccine doses administered in the country surpassed the 100-crore milestone on Thursday and the economic recovery is expected.  

In the last seven years, the comprehensive entrepreneurial environment of India has gained tremendous support from its ruling government. Policy initiatives of the Narendra Modi government like Make In India, Skill Development India, MUDRA Bank, Digital India, Startup India, and now ‘Aatmanirbhar Bharat’ are a few of the vital determinants of the upgradation of the Indian entrepreneurial ecosystem.  

In the recent past, the micro, small and medium enterprises (MSME) sector, also known as the growth engine of the Indian economy, has witnessed three macroeconomic events concerning its operation and survival. Demonetisation, goods and services tax (GST) implementation, and the black swan Covid-19 pandemic.  

India’s MSME sector is on the verge of attaining the pre-Covid levels, but several sectors continue to struggle, especially the ones pertaining to the clientele studying in schools, colleges, or working in offices. The precious metal sector is also reeling under the threat of an imminent third wave, thus denting the festive spending.