Gujaratís other calling card

Gujaratís other calling card

Whether it is female infanticide, education or health indicators, Modiís Gujarat...
Safe assets

Safe assets

The asset disclosures for the 2014 Lok Sabha elections...

SMEs will define next decade: Kamath

Comments 0
SummaryInfosys non-exec chairman KV Kamath opined that growth will move to the hinterlands.

Infosys non-executive chairman KV Kamath today opined that the next decade will belong to the small and medium enterprises as the growth will move to the hinterlands in future.

"Our growth momentum and transformation in terms of being a very large consumer-driven economy means that the next decade is going to be the SMEs because without their support large companies cannot grow. It provides a virtuous cycle in terms of growth," Kamath told a meet on SMEs organised by Indian Merchants Chamber and the BSE.

Admitting that the SME sector needs a slew of support to sustain itself and grow, he said they need technology, modern management practices and easy capital.

Pointing out that the economy is driven by rural India, which constitute small businesses, agri, value added businesses, apart from services, he said, "there are whole host of businesses riding on agriculture and going beyond agriculture which are driving rural India. And these are all driven by small and medium entrepreneurs."

The country used to depend upto 50 percent on agriculture as it made up for half the GDP. However, the contribution of agriculture has now plunged to 10-20 percent, Kamath said.

Ads by Google

More from FE editor's picks

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...