The revenues of micro, small and medium enterprises surged by 27 per cent and operating profit by 66 per cent in 2017-18 signalling that vibrancy is returning to the sector after challenges made by demonetisation; GST rollout, according to a study. “These figures reinforce the belief that MSME is already on a recover path and should continue sustain the improved performance in FY19, Acuite Rating CEO Sankar Chakraborti said.
Revenues of micro, small and medium enterprises surged by 27 per cent and operating profit by 66 per cent in 2017-18, signalling that vibrancy is returning to the sector after challenges posed by demonetisation and GST rollout, according to a study. “These figures reinforce the belief that the MSME sector is already on a recovery path and should continue to sustain the improved performance in FY19, Acuite Ratings CEO Sankar Chakraborti said.