Too Long; Didn't Read
Some of the world's most successful business giants started in a garage. The level of market saturation is as high as it has ever been. Small firms are struggling to keep up with the competition. Small firms lack the ability to handle certain legal and formal decisions. Despite no clarity in terms of legal definition, this class of companies is the largest employment providing sector. According to the latest ‘Development Report’ on MSMEs from the Institute of Development: Koch Institute of Small Enterprises and Small Enterprises, the second-largest sector, need radical reforms to solve its problems.