E-commerce must for MSMEs to grow exports, tap into international markets: Experts
Trade, import and export for MSMEs: Exports through e-commerce has become mandatory to a large extent for MSME exporters looking for an affordable gateway to international markets, according to experts speaking at Financial Express Online’s SMExports Summit 2022 on Friday. India crossed $400 billion in exports during the financial year 2021-22 to enhance its share in global trade. This came at a time when crores of MSMEs, which account for nearly half of the country’s exports, were continuing to recover from the Covid crisis. This was over and above the traditional complexities in the supply chain, investments, cross-border payments, technology, and demand uncertainty that had arguably limited the export potential of MSMEs.