Research, conducted by global management consulting firm Boston Consulting Group (BCG) for the Microsoft report, revealed that about 90% of small and medium enterprises (SMEs) in India have no access to the Internet.
Research, conducted by global management consulting firm Boston Consulting Group (BCG) for the Microsoft report, revealed that about 90% of small and medium enterprises (SMEs) in India have no access to the Internet.
"The report - Ahead of the Curve: Lessons on Technology and Growth from Small Business Leaders - found that if more SMEs in India adopt latest IT tools there is potential for SME revenue to grow by $56 billion and create 1.1 million new jobs," Microsoft India Managing Director Karan Bajwa said.
According to the government data, micro, small and medium enterprises employ about 59.7 million persons spread over 26.1 million enterprises. In value terms, MSMEs accounts for about 45% of the manufacturing output and around 40% of the total export of the country.
For customers, it means providing product training and helping SMEs understand the full range of available devices and services, but it also means community and industry investments such as skills training, Bajwa said.
"Microsoft and its broad ecosystem of partners in India have helped SMEs grow, compete and become more profitable through the effective use of office productivity tools, cloud-based services and mobile technology," Microsoft India General Manager (Small and Mid-Market Solutions and Partners organisation) Meetul Patel said.
BCG surveyed Brazil, India, China, Germany and the US and found SME revenue could grow by a combined $770 billion in these five primary countries if more SMEs could achieve the growth rates of those SMEs that use modern IT tools.
"These same SMEs could add some 6.2 million new jobs in those countries alone. BCG believes that this association between IT adoption and growth would be consistent in countries across the world," BCG Senior Partner and co-author of the report Neeraj Aggarwal said.
Business Opportunities
Our Group Sites
Popular Cities
