Almost 60% of MSMEs plan to digitise their business processes by 2025: Vi

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Almost 60% of MSMEs plan to digitise their business processes by 2025: Vi - Business Standard

Quick Summary:

Almost 60 per cent of MSMEs plan to digitise their business processes, and 43 per cent plan to increase their digitalisation budget by 2025, according to a study by Vi Business, the enterprise arm of Vi (Vodafone Idea).

Hence, MSMEs must adopt digital transformation to unleash their growth potential and play a pivotal role in making India a Viksit Bharat (a developed economy) by 2047, it said.

Medium, Small, and Micro Enterprises (MSMEs) are the backbone of India's economy, currently contributing nearly 30 per cent to the country's GDP, the report said.