TY - BOOK AU - Shardul Manurkar AU - Yugank Goyal TI - The need for developing a new taxonomy for MSME : The case for nano-enterprises KW - COM KW - MSME KW - Micro KW - Small KW - Medium Enterprises Development (MSMED) Act KW - Small Industries Development Organisation KW - National Commission for Enterprises in the Unorganised Sector (NCEUS) KW - Enterprises N2 - This article looks at the asymmetry embedded within the classification of micro, small and medium enter­prises that distorts equitable policy attention to the sector. Around 99% of MSMEs are microenterprises, and within micro, almost 70% consists of “tiny” units, often called nano-enterprises. It then examines the historical evolution of these classifications and their numerical arbitrariness, and shows that the taxonomy needs to be revised ER -