Insights, Policy, and Business Intelligence for SMEs, Businesses, and Entrepreneurs
There’s no hiding the fact that the global retail environment, much like the rest of the world, has been beset by negative or flat growth and shrinking margins. Some have laid the blame on increased competition from the internet.
Pandemic crisis and economy: Adopting a Gandhian-Buddhist economic approach need of the hour .The economic and social costs of the pandemic are worrisome: Businesses, farming activities and even normal day to day life have been badly hit. When human interventions cross the limit, they can break the natural equilibrium. Shrinking forest cover, over depletion of natural resources, unlimited mining and quarrying have all taken a toll on our ecosystem.
Tough situations or times are temporary so it never last, but in normal situations or even in hardest situations some people never give up. So they are called as tough people who are highly dedicated and become tougher than the situations. In life difficult times never come knocking the door, it will always come out of the blue when you will be least expecting it or when you are least prepared to encounter. Let’s face it! People face various situations in life.
Corona crisis can turn to be a blessing in disguise for the MSME sector if it can trigger revival and resurgence of small industries and businesses.
The MSME sector has a crucial role to play in reducing greenhouse gas emissions. And they account for around 25% of the annual energy consumption of the industrial sector as per the “Yes Institute Report” titled “Climate Change as a Driver of Energy Efficiency in MSMEs” brought out in 2016 ( p.8). Energy is one…