Scope for MSME's and Small Businesses growth in the era of Digital India amidst Covid-19 pandemic - A theoretical Review
DOI:
https://doi.org/10.48165/acspublisher.tjmitm.2022.25Keywords:
MSME, Covid-19, Digital India, Business, GrowthAbstract
The advent of Covid-19 pandemic worldwide forced all the economies around the Globe to adopt the procedures and practices of social distancing and other Covid-19 Protocols. This transformation gave rise to many new businesses like Digital Payment applications, Covid Mask manufacturers, Hand Sanitizer manufacturers (Branded and Local makers), Indian Pharmaceutical Companies, etc. Covid-19 and Digitalisation post Covid, proved to be a boon and bane for many people around the Globe especially the business class which ultimately affected
the service class also as shutting up and opening up of Businesses led to changes in composition of employment all over. The increasing use of Digital payments, Wallets, This research attempts to theoretically analyse the impact of Digitalisation on MSME’s growth in Indian Economy and scope for their future ahead.
References
Prasad, R. and Mondal A. (2020). Impact of COVID-19 pandemic on Indian Economy with special reference to Indian MSME Sector. https://www.researchgate.net/ publication/341775901_Impact_of_COVID19_pandemic_ on_Indian_Economy_with_special_reference_to_Indian_ MSME_Sector
Singh, S., Chamola, P., Kumar, V., Verma, P. and Makkar, N. (2022), “Explaining the revival strategies of Indian MSMEs to mitigate the effects of COVID-19 outbreak”, Benchmarking: An International Journal, Vol. ahead-of-print No. ahead-of
print. https://doi.org/10.1108/BIJ-08-2021-0497
https://economictimes.indiatimes.com/small-biz/sme-sector/e commerce-digital-transformation-keys-for-growth-of msmes/articleshow/90741524.cms?from=mdr
https://www.entrepreneur.com/article/385205
https://icrier.org/pdf/MSMEs_Go_Digital.pdf
https://www.zeebiz.com/small-business/news-international sme-day-2021-how-digitization-to-bring-windfall-gains for-indian-msmes-experts-have-the-answers-161018
https://www.indiatvnews.com/business/news-why-digital accounting-is-important-for-msmes-post-covid era-699502
https://www.adb.org/sites/default/files/publication/692466/ adbi-wp1241.pdf
https://www.microsave.net/2021/04/20/digitizing-the operations-of-msmes-a-big-step-to-strengthen-their resilience/
https://theprint.in/opinion/covid-19-crisis-is-choking indias-msme-sector-business-wont-pick-up-even-after lockdown/395849/
https://economictimes.indiatimes.com/news/economy/ indicators/indias-growth-may-slip-below-3-in-fy21-if covid-19-proliferates-kpmg/articleshow/75014975.cms
https://talkbusiness.net/2020/03/small-businesses-see profound-impact-from-covid-19/
https://www.bankrate.com/finance/credit-cards/how-you-can help-small-businesses-impacted-by-covid19/
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Trinity Journal of Management, IT & Media (TJMITM)
This work is licensed under a Creative Commons Attribution 4.0 International License.