AI: the supercharger for India’s MSMEs
AI) as a powerful force multiplier for small businesses is no longer a pipe dream. It is already beginning to level the playing field and is enabling emerging businesses from across India to compete more effectively.
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According to Stanford University’s annual AI Index report, India saw the fifth highest investments last year in startups offering AI-based products and services. As India’s techade takes shape, AI could prove to be one of the most game-changing technologies propelling growth for the nation’s micro, small and medium
enterprises (MSMEs).
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisit <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111369572»>Over 63 million MSMEs contribute to roughly one-third of the nation’s (gross domestic product) GDP, about 45% of the manufacturing output and over 40% of both direct and indirect exports. Given their pivotal role
in driving equitable economic development, AI-enabled growth of MSMEs will have a cascading impact on the economy.
Skill deficit
On the occasion of World MSME day, NASSCOM and Meta released a white paper on using AI to unlock the next phase of growth for India’s MSMEs: across five workshops that NASSCOM held with more than 300 MSMEs, a
