Indian Small and Medium Enterprises (SMEs) play a pivotal role in the nation’s economy, contributing nearly half of the country’s exports and accounting for 29% of the GDP. Despite the impressive performance, these enterprises face numerous challenges, especially in the wake of the COVID-19 pandemic, which has significantly disrupted global trade dynamics. This article explores the opportunities and challenges faced by Indian SMEs in the export business, with a particular focus on the services sector and the implications of shifting global value chains (GVCs). The Contribution of Services to India’s…
Unlocking Global Potential: Opportunities and Challenges for Indian SMEs in the Export Market
