Why is India’s tax administration not in sync with MSMEs and exporters?
The Report of the Working Group on Micro, Small and Medium Enterprises (MSMEs) Growth for the 12th Five Year Plan (2012-17) estimated the sector accounts for 45% of the manufacturing output and 40% of total exports of India. As per official estimates, there are 63.05 million micro industries, 0.33 million small, and 5,000 medium enterprises in the country. As a comparison, one should bear in mind…