Tilt among micro and small enterprises to digital channels for sales
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Highlights
Focussed on micro and small enterprises (MSEs), with a 60:40 mix of services and manufacturing sectors (see Annexure)
MSEs have moved towards digital channels such as online aggregators/marketplaces and social media since the pandemic brought the nation to a halt
Uptick in adoption of digital channels seen even among micro enterprises, despite their resource limitations
Among manufacturing sectors, gems and jewellery and textiles aggressively adopted digital channels for better business prospects
Among services sectors, real estate and human resources were ahead of peers in adopting digital platforms for generating leads
Around 60% of the respondents that transitioned to selling via digital platforms said it helped them survive, while the remaining said it provided growth