The nation’s GDP is vitally depended to the growth of small and medium-sized enterprises, whereas major tech startup plays’ a major role by bringing innovation with their smarter products and services, which help companies doing business at ease.

Considering the growth of the United States, India and the fastest-growing nations of South East Asia such as Vietnam, and Thailand we can see the great number of GDP that has been contributed directly by the small and medium sized enterprises.

small and medium sized enterprises.

In United States the SME’s sector alone contributes 33% of its total GDP which is 7.34 Trillion USD of its total 22.231 Trillion-dollar economy and employees 45% of its total population.

In India, MSME Sector contributes 29%, that is 929 Billion US Dollar to its growing 3.202 Trillion Dollar economy, and employees 40% of its total population.

Developing Nations of South East Asia such as Vietnam the SME sector contributes 40% of its total GDP that is 308 Billion USD of its total 770 Billion US dollar economy, whereas in Thailand SME sector contributes 42% percent that is 216 billion of its total 516 Billion US Dollar and employees 78% of its total population.

But due to the rise of Pandemic COVID-19, we have seen a sudden drop in the productivity of the non-IT SME sector, thousands of company has gone bankrupt, people has lost job, export of good has drop to near 0 from manufacturing and agricultural sector. Countries whose economy is vitally dependent to tourism, and exports of agriculture product has become the victim of the Pandemic.

However, the business which has implemented technology in to their business process are still growing and with its growth the nation economy is growing. And thus it is vitally important for a nation to build a better and organized technology infrastructure to support their micro, small and medium sized enterprises. Now, the awareness of information technology for business is higher than before due to the consequences that the businesses are facing constantly.

In Vmetasoft, our Mission is to help SME grow with Information technology and advance software that helps SMEs doing business online with ease. Be the part of our company to understand how prosperous your business can be with the help of simplified technologies which is highly personalized for your business requirements.