- Demonetisation, GST led to dip in jobs, profits for MSMEs, traders: AIMO survey.
- The micro small and medium enterprises (MSMEs) and traders have registered a huge decline in jobs and profits in the last 4.5 years, particularly after the roll-out of GST and demonetisation, according to the latest survey by the All India Manufacturers’ Organisation (AIMO).
- The AIMO, which represents over 3 lakh MSMEs engaged in manufacturing and export activities, said in the survey that MSMEs witnessed a rough weather since 2014 and there is a need to pay attention to revive the sector with a lot more urgency and seriousness.
- These included stitching units, matches, plastic, crackers, dyeing units, stone units, tanneries, job work units and printing companies.
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