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At the outset, I would like to extend my heartfelt good wishes for the new year 2019. Every new year brings new hopes and aspirations, new targets and new challenges to foray into unexplored areas. I hope 2019 ushers in a new and rapid growth trajectory for SMEs bolstered by the rising culture of innovation and entrepreneurship in the country, support of Indian government and favourable global economic outlook.
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Realising the untapped potential of MSME sector, which contributes a staggering 32% to the Indian GDP, Indian government has been launching a wide spectrum of new policies and programmes and taking a host of measures across the sectors to stimulate its growth. And yet, the roadblocks remain.
Finance, for long, has been the major stumbling block in the growth of small businesses and entrepreneurs. Banks and other institutional creditors are reluctant to lend to this sector owing to its incapability to repay loans and informal nature. NBFCs are becoming increasingly popular but the high interest rate charged by them remains an issue. Indian government needs to take immediate steps to solve the issue of credit to MSMEs.
As digitization becomes the rule rather than an exception, Indian MSMEs need increased
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| Ask Guru |
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| How can e-commerce platforms provide SMEs with the access to global market? |
| Bimladevi Agarwal |
| Proprietor- Shakambari Food Products |
| E-commerce platforms are giving golden opportunity to SMEs to directly access global market and customer base and get the best value for their products and services. When a SME go for global trade, it helps them to upgrade with reference to global standards.... |
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| Blog |
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Challenges faced by Indian SMEs on
E-commerce platforms |
| Sumita Dass |
| Social Entrepreneur & Educationist |
| Life of Vision Foundation |
| Today we are in an era of “electronic phenomenon”. Our day to day activity is dependent on digitalization which involves e-learning, e-banking, e-government, e-customer relationship management and e-procurement. E-Commerce comprises of various... |
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| Latest market trends that could transform the sanitation industry in 2019 |
| Ashutosh Giri |
| Founder- Fresh Rooms |
| The transition to smart, sustainable and aspirational sanitation for all, and unlocking the promising business opportunities associated with it, is catching the market trends. Many government as well as private players are... |
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| Mentors’ Mantra |
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| Golden Rules for SMEs to Market Effectively on E-Commerce Platforms |
| Vinod K Pandita |
| Strategic Leadership Coach| Management Consultant | Master Trainer | Motivational Speaker |
Ever since the onset of the financial crisis, the global economy has been struggling to revive itself and achieve a healthy growth rate. The global growth rate for 2017-18 and 2018-19 are projected at 3.40% and 3.80%.
But compared to this, India’s GDP continues to grow at a fast pace, outstripping major world economies. According to IMF, India is projected to grow at 7.80% for this fiscal year.
Without any dispute, SMEs are one of the key drivers behind this growth story. This sector, comprising of manufacturing, infrastructure, service industry, food processing, packaging, chemicals, and IT, has emerged as the most vibrant and dynamic engine of growth of Indian economy over the past two decades. |
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Malliekkaa Chatterjjee |
Owner – Taste Bazar |
My journey of entrepreneurship started in 2011 when I quit my job and thought of doing something better with my life, first by helping myself in the field of business by providing jobs to others and then, by doing something more substantial.
I am running a software development company in the name of Good Cause Technologies in Kolkata for last 7 years, which is actually quite successful and ever growing and has now launched unique food start-up which is first of its kind in India. 7 years of entrepreneurship have been an extremely enriching journey where I have learned the skill of coping up with failures and then how to convert them into success. After a long struggle for 3 years I started creating grounds for myself. I have catered to small, medium, large and very large business sectors. |
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| VideoConnect |
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| Some people always dream of starting something of their own and some get bitten by entrepreneurship bug while working for others. Here are top 5 reasons why people choose to become entrepreneurs! |
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| Quote of the Month |
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