Explore the new era of any business’s growth by enabling SME and MSME
October 12: SME and MSME contribution to India’s industrial and business landscape is significant. These have generally contributed to approximately 30% of India’s GDP over the years, though the Pandemic driven disruption saw a significant decrease in their share of India’s GDP (~26.8%).
The Pandemic impacted the players in this sector significantly, with more than 67% of registered MSMEs ceasing operations for at least three months, and around 4% of all registered MSMEs faced permanent business closure (Source: MSME Website and Media Reports)
The ones who braved the disruption and survived the Pandemic now have an arduous task and mission ahead of them – The imperative to be Digital!
While India’s economic journey on digitalization began earnestly with the post-demonetization-led growth in Digital payments, the Pandemic accelerated and made it a necessary and sufficient condition for each business to be a digital…
