New Delhi, March 26 -- Backed by an accelerated pace of economic reforms and significant breakthroughs in digital transformation-the long-term growth trajectory of businesses in India is clearly positive.
Key enablers such as the Micro, Small, and Medium Enterprises (MSMEs) are poised to underpin the country's development over the next two decades-unlocking business opportunities across industries and significantly enhancing India's global competitiveness.
Having said that, small business growth is often hampered owing to delays in payments from big companies and public sector units. Given that MSMEs in India are already battling a $530 Billion credit gap, each day of payment delay results in substantial value erosion.
To put things in p...