“IMPACT OF DIGITALIZATION ON SMALL AND MEDIUM ENTERPRISES IN INDIA”
Journal Title: PARIPEX-Indian Journal of Research - Year 2017, Vol 6, Issue 4
Abstract
This study discusses the impact of digitalization on small and medium enterprise in India. The study revealed that that there is a significant rise in growth rate for SMEs. This was majorly due to digitalization. Digitalization automates the product and process as a result of which both quality and production increases. Despite having a high potential for future growth, In dia’s SMEs segment has suffered due to less ‘access to finance’. Digitalization improves the performances of SMEs and helps in reducing financial obstacles by providing alternative financing options to SME. Increasing access to alternative finance has resulted in the significant rise in SMEs operating performance, profitability and productivity. This paper finds that there is a high impact of digitalization on small and medium enterprises.
Authors and Affiliations
Mrs. Pranjali Singh
Keywords
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