Consider the following statements in context of MSME sector in India 1 Global slowdow...........

Economic Affairs Small Scale Industries

Consider the following statements in context of MSME sector in India.

1. Global slowdown has resulted in almost negative growth on MSMEs sector in recent years.

2. Majority of units in MSME sector are financially dependent on Banking system.

Which of the statements mentioned above is/are correct?

1 only

2 only

1 and 2

Neither

Both statements are incorrect.

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