The India SMB & Entrepreneurship Space
Worldwide, Small and Medium Business enterprises (SMBs) have been accepted as the engine of economic growth and for promoting equitable development. In India too, SMBs play a pivotal role in the overall industrial economy of the country. Over the last two decades, India has witnessed SMB contribution to Gross Domestic Product (GDP) rise significantly.
It is estimated that the SMB sector contributes 17% to India’s GDP, and this figure is expected to touch 22% by 2012. The India SMB sector accounts for about 45% of the industrial output and around 40% of the total exports of the country. India SMB enterprises together employ 60 million people and create 1.3 million jobs every year.
The India SMB sector offers huge business opportunities but is entangled with various challenges like lack of easy access to finance, increasing global competition and lack of skilled manpower. The consequences are, lost market opportunities, fewer avenues for job creation and an untapped economic potential.
Realizing the importance of the SMB sector in India, CMR actively tracks and reports on key market and ecosystem developments in the form of sectoral reviews, market trackers, syndicated reports and multi-client studies (MCS), and custom consulting projects. The objective of these research and advisory capabilities is to provide insights into the "world of Indian SMBs" and actionable guidance to various stakeholders.
CMR SMB Research & Entrepreneurship Practice offerings include:
Industry Cluster Reports
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Industry-specific and cluster-specific analyses to identify relevant issues, share experiences, concerns, recommendations etc.
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