New Delhi [India], June 26: India's 7.4 crore-plus MSMEs registered on the Udyam and Udyam Assist platforms form the backbone of the economy, generating employment for over 32 crore people and contributing around 31% of GDP, 35.4% of manufacturing output and nearly half of the country's exports. For these businesses -- manufacturers, traders, retailers, service firms and … [Read more...] about World MSME Day 2026: 5 in 10 MSMEs continue to face supplier management and invoice compliance challenges; Digital Procurement adoption accelerating
Small Businesses
Prasoon Vidyarthi’s Innovation Brings New Hope for Indian Outsourcing Economy
In the face of rising wages, the growing use of artificial intelligence, and the commoditization of services, the once-booming Indian IT outsourcing industry faces significant challenges. While large enterprises have traditionally enjoyed the benefits of outsourcing due to their scale, small businesses have remained on the sidelines, unable to leverage these advantages. Prasoon … [Read more...] about Prasoon Vidyarthi’s Innovation Brings New Hope for Indian Outsourcing Economy