2 Feb 2017, 15:09 — 2 min read
Thomas shares that overall the budget has brought cheer to SMEs after the negative sentiment and impact of demonetisation. Rationalisation of tax rates, significant increase in infrastructure investment, focus on rural development, transport & railways will bring into play SMEs involved in these sectors. SMEs are the backbone to larger corporates and institutions who might be executing some of these big ticket infrastructure projects. Having said that, SMEs will have to embrace the digital economy to leverage the benefits accruing in the form of improved productivity, credit based on transaction history and exercise greater transparency in their businesses.
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Posted byGlobalLinker Staff
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