Digitalization And MSMEs: Pillars Of Sustainable And Resilient Economy

Digitalisation can improve the small and medium units’ energy efficiency, reduce resource use and waste

- Senthil Kumar V

India's conducive business environment, path-breaking visions and initiatives like Atmanirbhar Bharat and Make in India have accelerated growth in the MSME sector. These developments have further opened new roads for businesses to reimagine their operations. With transformation happening at a rapid pace, businesses have realised they must become efficient and future-ready with digitalisation. In efforts toward making India a global manufacturing hub, it is also important to build an economy that is sustainable and resilient, and digitalisation has a major role to play in this.

The country is also leading the fight against climate change. India has pledged to achieve netzero emissions by 2070, ramp up the expansion of renewable energy capacity and focus more on energy efficiency. With depleting resources across the globe, it is important for industries to cut emissions, adopt sustainable practices and accelerate digitalisation to put the economy on a sustainable footing.