The pandemic has precipitated digital transformation in all industries but especially in the BFSI (Banking, Financial Services and Insurance) space where the need to manage large volumes of data, expand services and ensure cyber security has made new technologies imperative. We pick a few leaders who are working towards building safer, faster and more efficient and equitable
Updated Jan 02, 2021 | 11:07 IST
In a bid to recognize and honour the best SMEs in the country, SBI General Insurance in partnership with the Times Network presented the SME Awards to celebrate the victories of India’s SMEs. Read to know more SBI General Insurance recognises the most stellar SMEs
Small and medium-sized enterprises (SMEs) are the backbone of the Indian economy. According to Confederation of Indian Industry (CII), SMEs in India include 63.4 million units, account for nearly 30 per cent of India s GDP, and employ around 460 million people. The sector also makes up for 33.4 per cent of India s output in manufacturing, giving employment to around 120 million Indians. By providing employment across different industries, the sector serves to boost the Atmanirbhar Bharat initiative of the government.