Reams of paper have been filled with glowing narratives of India's growth story. It is also predicted that by 2040 – 2050, India will become one of the largest nations in terms of GDP. This should be a welcome pointer for businesses especially SMEs in India. Sadly, the story at ground level says something else. SMEs (in general) today are struggling for their mere survival instead of firing on all cylinders for expansion and growth. Yes, finance is one of the key obstacles. But dearth of adequate laborers for SMEs is becoming a reverberating cause of concern across the nation. The “growth driver” of the economy is sputtering for life. It is deeply affecting productivity.
For the complete article published in SMEWorld August 2011 Issue, click here