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Rise in digital adoption and sustainability measures across MSMEs: SIDBI MSME Outlook Survey

Business Expectations Index predicts continuing optimism for the next year, with improvements anticipated in sales, profitability, skilled labor availability, and overall business conditions, boosting confidence across stakeholders within the MSME sector.
The article from MSN discusses the findings of the SIDBI MSME Outlook Survey, which highlights a significant increase in digital adoption among Micro, Small, and Medium Enterprises (MSMEs) in India. The survey indicates that MSMEs are increasingly embracing digital technologies to enhance their operations, with a notable rise in the use of digital payment systems, online marketing, and e-commerce platforms. Additionally, there is a growing focus on sustainability, with many MSMEs implementing eco-friendly practices and energy-efficient measures to reduce their environmental impact. The survey also notes an improvement in financial access for these businesses, thanks to government initiatives and digital financial services, which have helped in better credit availability and financial management. This shift towards digitalization and sustainability is seen as a response to both market demands and regulatory encouragements, positioning MSMEs to be more competitive and resilient in the evolving economic landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/news/other/rise-in-digital-adoption-and-sustainability-measures-across-msmes-sidbi-msme-outlook-survey/ar-AA1ywmBW ]