Digital Industrialisation Of MSME-Led Economic Transformation

Abstract

Consumer-driven market dynamics have the potential to impact producers, industrial ecosystem and government policies. Technological change through innovations transforms businesses resulting in increased efficiency and productivity. The rate of technological progress has accelerated more in the last two decades mainly due to information technology revolution invigorated competitive pressure and the rate of adoption and deployment of technology across various enterprises in order to achieve economies of scope and scale. In this paper, an attempt is made to show how digital enterprises and technologies influence the performance of MSME firms. Largely, the core focus is on the manufacturing sector, where the economic benefits of innovation and technological progress in digital operations of MSMEs and its domino effect on supporting business activities of the firms in the supply chain. Knowledge is critically examined to determine how digital micro and small manufacturing enterprises have a better chance to sustain competitiveness, and to move up the value chain in their effort to fulfil the national vision of self-reliance and achievement of collective operational effectiveness is also made.