The Economic TimesNov 22, 2021How e-commerce can play a big role in boosting exports from IndiaAt present, exports contribute to about 20% of India’s GDP.However, considering the size of our economy, our manufacturing prowess, the growing share of MSME (Micro Small and Medium Enterprises) contribution to the economy, increased internet penetration and rapid pace of technology adoption – exports can play a critical role in economic revival post COVID-19.What is critical is to use technology and lower the entry barrier for millions of MSMEs across India to participate in export opportunities.MSMEs contribute to over a third of the GDP of India while accounting for half of the country’s exports.Read more at The Economic Times
At present, exports contribute to about 20% of India’s GDP.However, considering the size of our economy, our manufacturing prowess, the growing share of MSME (Micro Small and Medium Enterprises) contribution to the economy, increased internet penetration and rapid pace of technology adoption – exports can play a critical role in economic revival post COVID-19.What is critical is to use technology and lower the entry barrier for millions of MSMEs across India to participate in export opportunities.MSMEs contribute to over a third of the GDP of India while accounting for half of the country’s exports.Read more at The Economic Times
