Liberalization led to favorable environment for larger number of entrepreneur-promoted businesses who looked beyond the shores for a market to cater to. The success of the software industry is widely evident and so is the employment impetus created by the BPO business.
The SME sector will also not remain untouched by this global onslaught but it should be seen both as a boon as well as bane. 40% of Indian exports are through SMEs.
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