Economics · Indian Economy
In the context of the 2020 structural reforms for the MSME sector in India, which significant change was made to the classification framework regarding different sectors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The turnover criterion was applied only to the manufacturing sector.
- 2Investment limits for the service sector were made double those of the manufacturing sector.
- 3The service sector was removed from the MSME definition entirely.
- 4The distinction between the manufacturing sector and the service sector was eliminated for classification purposes.✓
Correct answer
The distinction between the manufacturing sector and the service sector was eliminated for classification purposes.
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