2024, Vol. 5, Issue 1, Part A
A study on the contribution of digitalization to the growth of MSMEs in India
Author(s): Keshav Mishra and Dr. Jai Shanker Shukla
Abstract: This paper explores a study on the contribution go digitalization to the growth of MSMEs in India It is a common belief that the Micro, Small and Medium industry is very essential for the economic development of every country whether developed, developing or under-developed. The digitalization of a business does not, in fact, herald the launch of a brand-new line of business; rather, it transforms those that are already in operation to profit from conducting business in a more contemporary manner. The necessity, issues, and potential of digitalization for the small- and medium-sized business sector were examined in this essay. Secondary and primary sources were used to get the data. Data analysis and the identification of the correlations between variables used the Chi-square test. The findings, however, demonstrated that Small and Medium Enterprises are significantly and directly impacted by digitalization. A crucial factor in the expansion of economic activity is the use of ICT in SMEs. According to the study, digitalization has a big influence on how well SMEs perform overall in India, since it accelerates economic growth, lowers poverty, and gives small businesses possibilities to sell their products both domestically and abroad. However, there are some difficulties that MSMEs must overcome on their own, with assistance from the government.
Pages: 18-22 | Views: 178 | Downloads: 84
Download Full Article: Click Here
How to cite this article:
Keshav Mishra, Dr. Jai Shanker Shukla. A study on the contribution of digitalization to the growth of MSMEs in India. Asian J Manage Commerce 2024;5(1):18-22.
Other Journals