Small and Medium Enterprise or SME is a silent and powerful revolution occurring in the nation. India has approximately 42.50 million SEMs that make up 95% of the total industrial units. These make a significant share in India’s GDP of around 6.11% in the manufacturing sector and 24.63% in the service sector. Maintaining an average…
Indian Logistics Industry: Solution to the Challenges
Challenges beget innovation and change. The same holds true for the logistics industry. There has been a significant amount of technology adoption alongside a changing regulatory environment, improved infrastructure, and the resultant elimination of intermediaries. The clear-cut tax structure with the implementation of GST has decreased, if not complete removed, inefficiencies, and delays in the…
A succinct insight into E-commerce Scenario in India
The E-Commerce scenario in India, has witnessed a remarkable growth of almost 50% in recent years. Although, the trend of E-Commerce has proactively been making rounds in India, since 15 years now, however, the appropriate ecosystem has now started to take on character. The substantial increase in the number of internet users, growing confidence in…