Synopsis
There have been many factors that aided the growth of Chinese SMEs, including strong cultural advantages and a sharp focus. India too can replicate a similar model to accelerate MSME growth.
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In order to activate the growth cycle then for SMEs in India, it would be imperative to have more cities and towns where ecosystems exist to amp up the sector.
Each year there are about five million SMEs more in China representing a 10% year-over-year growth rate, projects database company Statista. Contributing over 60% to the GDP and accounting for 80% of jobs in China, the number of SMEs in the country is estimated to be over 38 million.
Synopsis
One of the mantras to build a flourishing business involves having a loyal investor.
Successful entrepreneurs are the new economy boosters. The important thing to remember is that behind most successful startups is an investor who believed in the idea and nurtured the venture throughout. In fact, many times it is the investors who help the startups to make a stellar debut in the market and give them the much-needed exposure.
Take Sanjeev Bikhchandani, for example, the founder of Info Edge has been credited with finding
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