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1) Analyze whether the slew of measures meant to aid the MSME sector to address their woes have come too little too late?(250 words)

Topic – Indian economy : issues

1) Analyze whether the slew of measures meant to aid the MSME sector to address their woes have come too little too late?(250 words)

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Why this question

The article first gives a nice summary of the series of steps taken by the government to address the woes faced by MSME sector due to demonetization and GST introduction. Thereafter it also analyzes whether these steps will actually prove beneficial for msme sector. MSME sector is a critical part of our economy and hence this question.

Key demand of the question

The question expects us to first explain the woes faced by MSME sector. Next, we need to explain the series of steps taken by the government. Finally we need to analyze whether these steps would end up alleviating the issues faced by MSME sector. Finally we need to discuss the way forward.

Directive word

Analyze – When asked to analyze, you  have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.

Structure of the answer

Introduction – Highlight that a slew of relief measures for msme sector has been announced off late.

Body

  • Discuss about the problems caused to msme sector as a result of demonetization and GST.
  • Highlight the steps taken by the government to address their woes such as
    • setting up of an export promotion cell within the MSME
    • Restructuring of MSME loans announced by RBI
    • Clarification on eCommerce regulations etc
  • Analyze how these steps would benefit the MSME sector, if at all

Conclusion – emphasize on the importance of MSME sector for the economy and the way forward.

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