5 platforms helping India’s MSME sector go digital
According to Cisco India SMB Digital Maturity Study 2020, digital adoption will enable SMEs to add around $158 billion to $216 billion to India’s GDP by 2024.
The micro, small and medium enterprises (MSMEs) in the country form the backbone of the Indian economy. According to a report by the India Brand Equity Foundation (IBEF), India is home to about 6.3 crore MSMEs. It employs the largest number of people, second only to agriculture.