Small and Medium Enterprises (SMEs) are the backbone of the Indian economy. They contribute about 30 percent to India’s GDP, constitute 48 percent of India’s exports, and employ about 111 million in the non-agricultural sector....
The typical challenge of how to measure the ROI in terms of people employed for any initiative is quite difficult for any organisation but it is particularly precarious for the NGOs whose future viability depends...
In the world of Industry 4.0, digital transformation will no longer be an option or even a competitive advantage, but rather will become the table stakes for doing business. With broad-based digital adoption and an...
Introduced in 2017, Goods and Services Tax (GST) remains an issue of much debate. The effectiveness of the tax form has been under scrutiny because it withdraws from all other distributed indirect tax and is...
If you’ve ever run a business or closely seen someone running a business, you’ll know how much money you need to keep putting in regularly. The need for working capital money keeps arising now and...
Several patterns that were common only among large corporates in the past are now distinctly visible among SMEs; adopting a profitable exit strategy from business is one such clearly emerging pattern. Indian entrepreneurs today are...
Do you have an idea which seems to be international and you want to have a patent in all the countries? Well, that’s a nice thought but there is nothing called “International Patent”. By saying that...
SME key statistics are old news. Over 13 million SME’s producing over 8,000 products, comprising ~41 million people, ~40% industrial output, ~40% of all export, 8 to 9% of GDP –known old news (source: Assocham...
Outsourcing of technology development, helpdesk to accounting back-office and even high-end equity research by large corporations across the globe has taken firm roots in India. A similar phenomenon of outsourcing locally by companies, especially Small...
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), founded in 2000, has made some progress in its 12 years of existence. However, given the size and scale of the SME sector in...
The current economic scenario, as reflected in the recently-released low IIP growth rates, is putting several small and medium enterprises in a tight liquidity position. In contrast, several large corporates are sitting on a huge...
The steady growth of the Indian economy during the last several years has led to a serious shortage of good quality talent across every sector. The challenges in attracting good talent are more acute for...
