"Small businesses provide an important barometer of growth and innovation in any country. Entrepreneurial success is an indicator for innovation and future wealth generation. Given its importance, the concerns and obstacles faced by this segment are likely to have significant repercussions on the economy as a whole. In India, in particular, small businesses remain very concerned about key issues such as late payments," ," Madhusudan Thakur said.
Thakur further said that as SMEs exit a period of economic difficulty and prepare to invest in the upturn, their concerns reveal that pressures around securing capital to invest are great.
"In addition to this, SMEs, particularly in India, continue to send out signals to the government for additional assistance," he said.
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