The Digital Super Cycle and MSME Sector Play Pivotal Role in Shaping India’s Economic Growth

Posted under: MSME
Date: 2023-09-19
The Digital Super Cycle and MSME Sector Play Pivotal Role in Shaping India’s Economic Growth

The ongoing Global SME Finance Forum 2023 witnessed a vibrant exchange of ideas during the second day of the conference in Mumbai. Eminent personalities from the banking and finance world addressed emerging trends in SME financing in India and globally. It featured prominent figures from the banking and finance sectors discussing SME financing trends. A K Goel, Chairman of the Indian Banks’ Association, emphasized the importance of SMEs in global economies. KV Kamath, Chairman of NaBFID, highlighted the role of digitalization and the MSME sector in India's economic growth. The conference addressed the SME finance gap and the potential of AI-driven banking. Rajiv Anand of Axis Bank discussed the shift towards the MSME sector's growth. Sudatta Mandal of SIDBI discussed the Udyam Assist Platform's role in formalizing MSMEs. The event, hosted by SIDBI and IBA, convened over 700 participants from 70 countries to discuss the future of SME finance in the digital era.

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