Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

MSMEs can contribute big to India’s GDP, say experts

by | Sep 10, 2022

India’s MSMEs (micro, small, and medium enterprises) could contribute a lot in the country’s GDP and overall growth, experts said on Friday.

Kolkata, Sep 10,2022: India’s MSMEs (micro, small, and medium enterprises) could contribute a lot in the country’s GDP and overall growth, experts said on Friday.

Addressing a conclave on “Fin-Tech and Credit Expo 2022 – Connecting Finance to Business”, Riddhi Gupta, Head of Strategy and Alliances, Invoicemart, said that MSMEs have a significant role at the centre of the vibrant Indian economic landscape.

“There is a lot of opportunity to ensure that MSMEs grow into an even more powerful engine. Contribution of MSMEs to GDP is still lower than that in countries like the US or China,” she said.

Aditya Kumar Sinha, Director C-DAC, Patna said that the digital transformation is a state of mind and every individual and every business is challenged in new ways.

“We need to rethink product and service engagement models by leveraging AI for customers,” he said.

The Bengal Chamber of Commerce and Industry (BCCI), in association with the LIC and HSBC, brought major fintechs and financial institutions to Kolkata for connecting MSMEs and businesses for solving their working capital hurdles.

The conclave aimed to bring the Indian fintech ecosystem and MSMEs and SMEs under one roof to raise awareness on technological innovation while accessing financial services. The other speakers at the event were Arpan Nangia, Country Head of Sales, Commercial Banking, HSBC, and Anirban Saha, Senior Divisional Manager, LIC.

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Sensex trades lower amid mixed global cues

Sensex trades lower amid mixed global cues

Mumbai: Indian equity indices opened lower on Friday following mixed cues from global markets. At 9.48 a.m., Sensex was down 430 points or 0.52 per cent at 81,771 and Nifty was down 118 points or 0.48 per cent at 25,023. The broader market trend remains positive. On...

Rapido raises USD 200 mn to expand operations, scale tech platform

Rapido raises USD 200 mn to expand operations, scale tech platform

New Delhi: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital, and also saw participation from existing investor Nexus,...

Rupee falls 3 paise to settle at 84.01 against US dollar

Rupee falls 3 paise to settle at 84.01 against US dollar

Mumbai: The rupee breached the crucial 84-mark second time within a month and settled 3 paise lower at 84.01 on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets. However, a weak dollar against major...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *