RISK MANAGEMENT STRATEGIES IN MSMES: SECONDARY INSIGHTS FROM INDIAN CONTEXTS

This paper reviews secondary data (2023–2025) on risk management strategies in Indian MSMEs, focusing on financial, operational, external, and emerging cyber risks. Evidence from CRISIL, RBI, and academic studies shows that proactive approaches—particularly ESG integration and diversification—reduce default rates by 10–15% and enhance ROA. Trends reveal higher exposure in rural and small firms, with urban adoption of formal tools growing faster. The discussion emphasizes size and sectoral moderation effects, underscoring the need for subsidized insurance, training, and regulatory support to build resilience. The findings position effective risk management as essential for long-term MSME stability and contribution to India's economic goals.