Improved manufacturing will take 4-5 years to impact exports: IndiaMART co-founder

MSME digitisation, especially in the hinterlands, is a big transformational change, which coupled with improved domestic manufacturing capabilities are revolutionising how trade is conducted in the country, further propelled by increasing domestic manufacturing capabilities. According to a May 2023 report by PayNearby, 71% of retail MSMEs are using digital tools for their day-to-day operations. IndiaMART, a B2B online platform, is seen playing a major role in this digital revolution. Speaking to DH’s Anjali Jain, the company’s co-founder and director Brijesh Agrawal unravelled its growth plans besides the opportunities, challenges and changing trends in the space they operate in.