|Reams of debates and discussions have been doing the rounds with the various repercussions it has brought lately and will bring in the future economy. With a hope of long term advancement of national interest, this attempt to destroy the parallel economy of black money also has some unavoidable short-term inconvenience vastly affecting the backbone of Indian economy i.e. Small Businesses. Given that 80-90% of the work culture in the small industries is based on cash,
the entire business is utmost affected with trade going down tremendously and huge challenge to purchase raw materials which is the major source of business for this industry.
The only possible panacea for the current small businesses turmoil would be to finally enter the digital world and get used to the ways of a cashless economy to make the most out of the ongoing monetary reformations. Let’s hope for the best to happen.
Now coming to our newsletter, here you would find a cover story “The Voice of SMEs” discussing how SMEs are dealing with the ongoing crises post demonetization, didactic articles from the industry experts like “Tarit Bhaumik” talking about the SMEs in manufacturing sector and “Vinay Singhal” on the pressing need to uplift the capital goods industry in India. Moreover, we bring you some of the useful insights on the ongoing business trends and events taking place in the economy. Hope you find them to the best of your use.