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    Question

    Which of the following has been identified in the Economic Survey 2023-24 as a key challenge faced by Micro, Small, and Medium Enterprises (MSMEs) in India?

    A High levels of formalization Correct Answer Incorrect Answer
    B Easy access to international markets Correct Answer Incorrect Answer
    C Limited access to finance and technology Correct Answer Incorrect Answer
    D Over-reliance on government subsidies Correct Answer Incorrect Answer
    E Excessive focus on export markets Correct Answer Incorrect Answer

    Solution

    The Economic Survey 2023-24 highlights that MSMEs in India face several challenges, including limited access to finance, markets, technology, and digitalization. These challenges need to be addressed to enhance the competitiveness and growth of MSMEs.

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