INDIA STANDS AT 63 IN THE GLOBAL RANKING

The country’s Gross Domestic Product (GDP) is currently at $2 trillion. That means India is now the largest importer in the world. India’s per capita income in 2013 was US$1,900. That makes India the poorest of the BRIC countries. India’s growth has been very high over the past two decades. It is expected to grow further shortly. India’s Gross Domestic Product (GDP) is currently at $2 trillion. That makes India the largest importer in the world. India’s per capita income in 2013 was US$1,900. That makes India the poorest of…

HOW CAN YOU USE CHATGPT FOR YOUR SMALL BUSINESS

In today’s digital age, businesses constantly look for ways to improve customer support and streamline operations. Chatbots have emerged as a popular solution for businesses of all sizes, offering 24/7 availability, personalized assistance, and a cost-effective alternative to hiring additional staff. An example of such a chatbot platform is ChatGPT, which employs state-of-the-art natural language processing (NLP) and machine learning technologies to deliver an adaptable and interactive user interface. This article will explore how small businesses can use ChatGPT to enhance customer support, sales and marketing efforts, and overall business…

HOW INDIA PLANS TO GET INTO THE TOP 50 GLOBAL RANKS

India is a country that is still in its youth and possesses a vast amount of potential that has not yet been realized. This potential can be seen in the country’s rapid population growth. It is the most populous democratic nation, and its economy is expanding lightning fast.  However, despite its quick expansion, it still has a long way to go before it can reach the top of the worldwide list as one of the world’s most successful nations. Even though it is one of the economies expanding at the…

COLLATERAL-FREE SME LOANS

No-collateral SME loans are a form of financing that does not require borrowers to provide collateral, such as property or assets. This type of loan is typically extended to small and medium-sized enterprises (SMEs) that may need more collateral to secure traditional bank loans.  No-collateral SME loans can be used for various purposes, including working capital, inventory purchases, expansion projects, and equipment upgrades. When compared to loans offered by traditional banks, these loans frequently have more adaptable payment periods and lower interest rates. In addition, the application process for no-collateral…

World CX Summit – India to Showcase the Impact of Customer Centricity on Business Growth

The 10th global edition of the World CX Summit is set to impact India’s CX landscape by bringing together renowned pioneers and experts in the field of customer experience. The summit aims to provide a platform for engaging in discussions, sharing knowledge, and recognizing industry veterans for their noteworthy contributions through the highly esteemed World CX Awards. Thursday, April 27, 2023: The 10th Global Edition of the World CX Summit, organized by Trescon, is set to take place on 27 April 2023 at The Westin Gurgaon, New Delhi – NCR.…

THE USE OF TECHNOLOGY FOR IMPROVING THE ACCESS OF SMALL BUSINESSES TO CREDIT

Technology has revolutionized the world and the business world is no exception. Apart from helping businesses in operations and innovations, technology has empowered small businesses.   The biggest concern for small businesses is arranging adequate funds. So, technology has made the process of loans faster and more transparent, enabling small businesses to operate and grow. It won’t be wrong to say that technology has a significant role in their success.   Technology has made the financial sector more dynamic and comprehensive. Recognizing the potential of Technology to arrange accessible Credits and enhance…

Ease Of Doing Business in India: Global Perspective and the Factors That Influence the Ranking

India has always been a sought-after destination for tourists, traders, and explorers. It is a region of entrancing colours, engaging cultures, and tremendous diversity. However, many people are unaware that India also has a rapidly developing economy and is a hub for entrepreneurship and innovation. The nation is evolving into a centre of commercial activity, providing a plethora of chances for anyone willing to take the risk.  India has great promise, but historical challenges have made doing business difficult. Yet, the Indian government has been making efforts to foster a…

TOP 10 CRM FOR SMALL BUSINESSES AND THE BENEFITS

CRM (Customer Relationship Management) is a category of software that aids companies in organizing, managing, and specifically tracking their customer interactions. The CRM can also help you store customer data, which you can efficiently utilize to streamline the sales and marketing operations and increase customer service throughout the entire organization. This data also includes the user activity, client lifetime value, purchase history, and specific notes on the sales interactions. CRM software tracks the behaviour and actions of your present and potential consumers through your business’s website, social media accounts, or…

FUTURE OPPORTUNITIES FOR TECHNOLOGY TO SUPPORT ECONOMIC INCLUSION

Economic inclusion, or having access to formal financial services like bank accounts, credit, and loans, is one of the most effective ways to end poverty cycles. Unfortunately, as many as 1.7 billion individuals worldwide still need bank accounts or access to financial services. Those already economically vulnerable will find it more challenging to improve their circumstances because of this condition. Fortunately, AI and blockchain are only two examples of cutting-edge technology bringing novel approaches to expanding people’s access to formal money. Technology can foster inclusiveness by enabling new ways of…

MSME NATIONAL IPR YATRA 2023

An initiative of the Government of India, under the Micro, Small & Medium Enterprise Ministry, the MSME National IPR Yatra 2023 was successfully conducted in Bengaluru on 23 & 24 March’23, to create awareness about the benefits of IPR and conduct sessions on how MSMEs can filing for Patents, trade mark, copyright, and many other IPR related topics. The 2-day event MSME National IPR Yatra, Bengaluru was organized by MSME DFO, Bengaluru in association with the National Law School of India University and co-organized by Small Enterprise India. With many MSMEs operating in overlapping and crowded markets, the need…