25% MSMEs may shut permanently due to lockdown extension
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A day after Prime Minister Narendra Modi extended the lockdown period till May 3, experts from micro, small and medium enterprise (MSME) sectors warned that Centre's decision would shut 25 percent MSMEs permanently. PHD Chamber of Commerce and Industry , President D K Aggarwal said the 19-day lockdown extension may choke India's 6.9 crore MSMEs, with exporters taking the biggest hit. CII expressed similar concerns.