MintNov 8, 2021Think Big: Empowering Businesses to #RiseTogetherIndia’s economic success will largely depend on these mid-size firms who have the potential to grow large but are often held back by certain constraints and limitations.With the pandemic disrupting several industries and age-old business models, a large number of small and medium enterprises have embraced the ‘digital first’ mindset to convert challenges into opportunities.Today, over 6.3 crore MSMEs employ approximately 11 crore Indians across domains, and contribute to around 29% of the nation’s GDP. Digital transformation has been a game changer for several industries and while bigger firms have been quick to invest in technology, smaller firms have been comparatively slower.Read more at Mint
India’s economic success will largely depend on these mid-size firms who have the potential to grow large but are often held back by certain constraints and limitations.With the pandemic disrupting several industries and age-old business models, a large number of small and medium enterprises have embraced the ‘digital first’ mindset to convert challenges into opportunities.Today, over 6.3 crore MSMEs employ approximately 11 crore Indians across domains, and contribute to around 29% of the nation’s GDP. Digital transformation has been a game changer for several industries and while bigger firms have been quick to invest in technology, smaller firms have been comparatively slower.Read more at Mint
