Challenges and Strategies for SMEs in India's Competitive Market
Amidst the bustling streets and vibrant markets of India, Small and Medium Enterprises (SMEs) form the backbone of the nation's economy. From traditional artisans to tech startups, these enterprises contribute significantly to employment generation and GDP growth. However, beneath the surface of opportunity lies a landscape fraught with challenges. Challenges and Strategies for SMEs in India's Competitive Market So, here, in this blog post, we delve into the intricacies of SME challenges India faces and explore strategies to overcome them. Let’s get started to know more. Understanding SME Challenges India: Small and Medium Enterprises (SMEs) form the backbone of India's economy, contributing significantly to GDP, employment generation, and industrial growth. However, despite their crucial role, SMEs in India face a myriad of challenges that hinder their growth and sustainability. Understanding these challenges is essential for policymakers, stakeholders, and entrepreneurs