Artificial Intelligence (AI) holds transformative potential for Micro, Small, and Medium Enterprises (MSMEs), offering tools to overcome financial hurdles, streamline operations, and drive growth. Experts emphasize that AI is not merely a futuristic luxury but a practical solution that can substantially benefit MSMEs in India, a sector crucial to the nation’s economy.
AI’s Role in Transforming…
The growth of Indian micro, small, and medium enterprises (MSMEs) has slowed to 5.4% for the December to June period, according to a recent report by CareEdge Ratings. This marks a decline from 7.0% growth during the same period the previous year. The report indicates that if the impact of recent mergers were excluded, the growth rate would have been even slower, at 7.7% in June 2024.
The broader…
