Enterprise Resource Planning (ERP) systems have come a long way since the 1990s, when they first became popular. The ERP space is seeing rapid transformations, with new capabilities and integrated analytics. The migration of ERP systems to the cloud has been a huge disrupter, and this has resulte…
Opinion
At crossroads: MSMEs feel the demonetisation squeeze
While much attention has been focused on the manner in which demonetisation has inconvenienced the general public, the sudden invalidation of 86% of Indian cash may create a short-to-medium-term impact that is brutal for small businesses. The importance of Micro, Small, and Medium Enterprises (MS…
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
A German model for our MSMEs?
Job-creating growth is likely to be a priority of the Modi government — especially in the context of the contraction expected in the wake of demonetisation — when it presents the Budget on February 1. The Budget presents a unique opportunity for redefining our entire approach towards medium, smal…
Needed, a comprehensive National MSME Policy | ASSOCHAM
The MSME sector contributes 8 per cent to the GDP, whilst employing more than 80 million people. Growth in micro and small enterprises has been consistent over the past five decades due to a combination of government support, implementation of technological enhancements, and support by the bankin…
Digital Transformation enabling credit facilitation for the small borrower| Sameer Segal, Co-Founder & CEO, Artoo
Micro, Small and Medium Enterprises (MSMEs) is a heterogeneous segment, where 96% lack access to formal finance. They operate entirely in cash, resulting in an almost non-existent digital footprint. Most borrowers in this segment are first-time loan applicants with limited financial literacy. Lac…
Demonetisation could be a blessing in disguise for SMEs
According to Ministry of Micro, Small and Medium Enterprises, SME sector contributes 45% of the country’s industrial output, 40% of India’s exports, employs 60 million people, creates 1.3 million jobs annually and produces high quality products for the Indian and international markets…
An anti-volatility shield for small players to manage risk
Amidst all policy efforts came one of the results of a litmus test, which showed India jumping 16 ranks to occupy the 39th rank on the World Economic Forum’s (WEF) Global Competitiveness Index 2016-17, becoming the second most competitive BRICS economy. One of the factors on which countries were …
Rural start-up market: What they should learn from grown start-ups
A few weeks ago, the founder of Flipkart suggested the government find ways to curb foreign rivals. Meanwhile, Jeff Bezos, whose firm he aped, met Donald Trump and pitched he was “super excited about the possibilities this could be an innovation administration”. The difference in the public stanc…
Technology empowers SMEs realise the ‘Make in India’ dream
Small and medium enterprises may be gunning for the global markets. However, the reality in getting their systems in place before making this quantum leap, is posing its own set of challenges. Wonder Polymers is a medium-sized company that manufactures and markets a wide range of self-adhesive ta…