Zinnov reveals Growth Chart for Indian SMBs

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Zinnov has released a report titled, ‘Indian SMB Sector 2013’ capturing facts and figures on the growing SMB segment in India. The study revealed that with a total base of 48.8 million SMBs, India is the fast growing and is to become the largest SMB nation globally.  

As per the released report, the Indian SMB sector gives employment to approx. 81.16 million people in India which has increased at a CAGR of 5.29%, while the fixed investment has been consistently increasing over the years at 11.48%.Indian SMB segment is dominated by micro scale businesses, contributing 95% of the SMB landscape, followed by small scale businesses contributing 4.8% and the rest 0.2% by medium scale businesses. Out of the 48.8 million SMBs around 55% are located in urban areas while the rest 45% constitutes to the rural regions.

Initiatives like tax incentive for growing SMBs in the Union Budget have helped SMBs enhance their competitiveness in the global markets. The report also highlighted that around 82% of all SMBs are situated in 10 states in India.

Praveen Bhadada, Director-Market E....See More