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Cheer for SMEs in Budget 2017 after the pain of demonetisation

Cheer for SMEs in Budget 2017 after the pain of demonetisation

Economy

GlobalLinker Staff

GlobalLinker Staff

2 Feb 2017, 15:09 — 2 min read

GlobalLinker member, Thomas Abraham, shares his thoughts on how Budget 2017 is beneficial to SMEs in an article published in The Economic Times.

 

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.

 

Read the complete article here.

 

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.

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