Indian small businesses under pressure of rising inflation

MUMBAI, May 19 (Xinhua) -- India's micro, small and medium enterprises (MSMEs) are facing the pain of rising inflation, which would deteriorate their working capital position, experts said Thursday.

"MSMEs are badly hurt by rising commodity prices," said Madhavan Kutty, senior economist of Aditya Birla Group, a leading Indian diversified business conglomerate.

Kutty was speaking at a panel discussion orga