NSSO is currently undertaking ASUSE, which provides data on non incorporated non-farm sector enterprises or informal sector enterprises that form a large chunk of the micro, small, and medium enterprises. A Time of Rapid Change. We are in a time of incredible change Small Businesses Technology is evolving at an incredible pace. Automation through information technology has spread from complex software being used in corporate offices of large companies to mobile phones being used to make a payment to a street vendor. Now, AI and robotics are quickly finding applications from the largest companies to farmers working in their fields. At the same time, trade is evolving dramatically. Government policies and trade infrastructure are making it easier to operate across markets and e-commerce is changing what defines the operating market of manufacturers and merchants. Today, Soccer ball manufacturers in Punjab can reach customers in Germany and an artisan in Agra can sell their crafts to a buyer in Mexico through online marketplaces accessible through a few clicks on a smartphone. A Time of Opportunity and Risk These trends bring about great opportunity for entrepreneurial small businesses that understand them and capitalize on them. They bring significant threat for those […]
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