MSME Sustainable (ZED) Certification Scheme: India's Propellant For Global Competitiveness

INTRODUCTION

The Indian economy in the recent years has attempted to leapfrog towards a five trillion-dollar economy by 2024-25, with India's MSME Sector forming a solid under-structure for the Country's economic bulwark, which has been fortified by an amalgamation of increased efficiency displayed by the small and medium scale industries, as well as the sagacious vision, flagged by a legion of schemes and policies, adopted by the Indian Government since the economic liberalisation in 1991. This economic bulwark, besides providing a ladder for economic growth and global competitiveness, has also retained the ability to fend off major economic adversities and economic shocks in the recent years. However, with Covid-19 Pandemic being the recent 'Cyclop' hitting this economic bulwark, India's MSME Sector has endured an unprecedented first-hand disruption in terms of both consumption as well production. Forming a substantial part of the economy, India's MSME Sector