Inability to invest in the business is a major growth challenge for Indian SMEs

Inability to invest in the business is a major growth challenge for Indian SMEs: GoDaddy Survey reveals pressing need for innovative financing solutions that can support investments in enhancing productivity and scale. Over 40 per cent of the Indian small businesses surveyed by GoDaddy cited their inability to invest sufficiently in the business as a major growth challenge, as per a report published by the Economic Times. While digital adoption by consumers is rising across India even in tier 1 and tier 2 towns, only one-third of the total Indian small businesses surveyed reported that they already have a website. Lack of an independent online presence keeps the SMEs at the mercy of large marketplaces, that in many ways could control the flow of customers. On a positive note about 19 per cent of Indian SMEs were planning to build a website soon as compared to only 16 per cent of their global counterparts. Other major challenges mentioned by Indian SMEs include failure to keep up with the technological advancements, a concern cited by 23 per cent and Cyber-attack, a concern cited by 21 per cent of the Indian SMEs. Follow us for more updates on the Indian SME sector and to find out how SME MaXX is working to address business investment issue.



1 view

Quick Links

About SME MaXX

About Us     |    Contact Us

Blog     |     Privacy Policy