Opportunities and Challenges for SMEs in India
The Indian economy is growing at a faster pace worldwide. This economic growth has steadily accelerated and remained very stable as observed in the last few decades. The reason behind this growth rate is the implementation of the robust socio-economic policies of the government, an invasion in the domestic and foreign capital along with the increment in disposable income.
The
small medium enterprise examples are the real backbone of India’s economy
whether it is agriculture, automobile, manufacturing or service industry. There
exist multiple opportunities for Indian SMEs to grow and thrive faster if they
adapt to the changing trends and latest digital skills.
The
challenging road for SMEs
Though
SMEs put a great contribution to the socio-economic growth of India, a list of
sme companies faces a number of challenges:
● Low
capital due to insufficient access to finance and credit
● Less
capable of catching talented and tech-savvy manpower
● Poor
infrastructure
● Fewer
utilities
● Low
production capacity
● Lack
of innovation and technology
● Lack
of marketing tactics
These
challenges are the hurdle for the small medium enterprise examples to scale to
their full potential and raise their standards just like their international
peers to become self-sustainable.
These
challenges can be considered as untapped opportunities for the list of sme
companies to strengthen their foundation in India. Our Indian government has
also been making applauding efforts to empower these small medium enterprises.
Is
CRM a good solution for SMEs?
To
generate desirable ROI for your business, you can buy an ideal CRM software for
taking your business to the next level.
For
that, you must have a deep understanding and knowledge regarding CRM and how it
helps its clients’ business process to gain more customers at their business
platform.
The
SalezShark CRM software will always aid a list of SME companies to perform
every single activity in a productive manner. This CRM solution provides an
ensured path for both sales and marketing employees to track the sales cycle
and boost the sales performance every month.
It also helps to complete all the necessary tasks in a harmonised manner on time. It provides full security and reliability to its clients. It helps the sales team to pick all the important leads with a user-friendly interface of SalezShark CRM software.
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