Digital Transformation of MSMEs and B2B SaaS Bazar for Sustainable Prosperity

Authors

  • Paritosh Basu Senior Director (Services) Stragility Consulting Pvt. Ltd., Mumbai

DOI:

https://doi.org/10.33516/maj.v59i2.53-60p

Keywords:

No keywords.

Abstract

MSMEs are collectively the undisputed major contributors to India’s economic growth and prosperity. Their track record is a continuing story of successes over the past many decades. But the big question is whether they would be able to carry such a success story any further when the rest of the business and industrial ecosystems are digitally transforming at an incredible speed. Efforts have been made by the author to bring together the multifaceted dimensions of hindrances and complexities involved in the process of digitally transforming India’s MSMEs. Certain measures and recommendations have also been ideated which may be found worth being considered and implementable.

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Published

2024-03-15

How to Cite

Basu , P. (2024). Digital Transformation of MSMEs and B2B SaaS Bazar for Sustainable Prosperity. The Management Accountant Journal, 59(2), 53–60. https://doi.org/10.33516/maj.v59i2.53-60p

Issue

Section

Digital Transformation

References

https://www.businesstoday.in/union-budget/ story/budget-2024-msme-sector-expectsfm- sitharaman-to-address-issues-relatedto- institutional-credit-digital-transformat ion-414512-2024-01-23

https://www.investindia.gov.in/indian-unicornlandscape#:~: text=Unicorns%20Of%20India- ,As%20of%2003rd%20October%202023%2C%20 India%20is%20home%20to%20111,total%20 valuation%20of%20%24349.67%20Bn.

https://www.thehindubusinessline.com/economy/ msme-closures-is-still-high-amid-the-emergence-ofnew- growth-avenues/article67654539.ece

OECD SME and Entrepreneurship Papers No. 20 https://www.oecd.org/cfe/smes/Blockchain%20 for%20SMEs%20in%20Italy.pdf

https://www.weforum.org/agenda/2023/07/ digital-transformation-potential-smes/

Ramona Rupeika-Apoga and Kristine Petrovska, ‘Barriers to Sustainable Digital Transformation in Micro-, Small-, and Medium-Sized Enterprises’, Sustainability 2022, 14, 13558. file:///C:/Users/ DELL/Downloads/sustainability-14-13558.pdf

https://images.hindustantimes.com/images/ app-images/2023/5/Roadmap-for-Digital- Technology-to-Foster-Indias-Msme-Ecosystem- Opportunities-and-Challenges.pdf

https://www.forbes.com/advisor/in/business/msmestatistics/#:~: text=There%20are%20a%20total%20 of,up%20to%20630.5%20lakh%20enterprises

Paritosh Basu, Darwin’s Darwinism for Digital Darwinism and Moving Ahead with Digital Transformation, The Management Accountant, Volume 58, No. 12. February 2023, pp 46-1.

https://www.icicibank.com/ms/corporate/ icicibankstack/Software_Services.html

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