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ensuing fiscal year
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every 25th day of the ensuing month
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according to the survey, 73.1 percent of msmes were compelled to close their doors within a few weeks after the covid 19 outbreak and the ensuing lockdown measures. this was especially true for small businesses (76.4 percent) and those in the service industry (72.7 percent). they faced immediate delays in product and service delivery (average 50.5 percent, especially in medium sized firms [71.8 percent] and agriculture [49.7%]), disrupted supply chains (average 47.3 percent, especially in medium
especially in medium-sized firms [71.8 percent] and agriculture [49.7%]), disrupted supply chains (average 47.3 percent, especially in medium-sized firms [68.7%] and manufacturing [54.9 percent]), and a sharp drop in domestic demand (average 35.2 percent, especially in small firms [39.1 percent] and manufacturing [41.8 percent]). only 2.3 percent of msmes said their business climate did not change as a result of the outbreak. meanwhile, due to increased demand from households and businesses for critical goods and services as well as healthcare, certain msmes (average 9.3%) reported a stronger business climate than before the pandemic, particularly in microenterprises (14.5%) and agriculture (20.7%). shinozaki, s., & rao, l. (2021).