SME News: news that emerging businesses use
We all hear and read news every day but it becomes a cumbersome ‘task' when asked to define it. One of the most basic definitions of newswhich is often quoted is ‘When a dog bites a man that is not news, but when a man bites a dog that is news'. Many also say that news is something that successfully satisfies the readers' curiosity while answering basic questions - Who, What, When, Where, Why and How.News is a report about a current event and it is the information about something that just happened or is expected to occur soon.
As businesses across the globe play important role in driving the economies of countries, it is the need of the hour that they stay well informed about the various happenings around them such as politics, business, technology, etc. Businesses can improve their productivity by making informed investments in the market such as mutual funds, stocks. This is where the importance of ‘news' gains prominence.
Amid the global economic meltdown, when almost all big corporates are reeling under the pressure of financial slowdown, the small and medium enterprises (SMEs) come to limelight. Since the small units are key contributor to any nation's GDP, it is important to report about the small scale industries. In a developing country like India, SMEs are considered as the engine of economic growth. And, news for SMEs is hence quite important.
Indian SMEs make major contribution to the manufacturing output, exports and also employment level in India. The sector accounts for nearly 45% of the manufacturing output and nearly 40% of the overall exports of India. Disseminating news about the small scale industry assumes great importance as they offer employment to 69 million people across India in about 26 million units.
SME News allow these enterprises to stay aware and well-informed about various economic and industrial issues that have potential to impact their businesses. SME news also plays the role of a medium as it helps these small industries voice their opinion apart from promoting their business among the potential client base.
Although, SME news means disseminating information, but it can also enact the role of an instrument for strengthening development of SMEs and taking them to next level of growth.
Providing news related to small business is hence becomes very much important in a country where economy is growing and there is a need for the structured information for proactive decision making.
As businesses across the globe play important role in driving the economies of countries, it is the need of the hour that they stay well informed about the various happenings around them such as politics, business, technology, etc. Businesses can improve their productivity by making informed investments in the market such as mutual funds, stocks. This is where the importance of ‘news' gains prominence.
Amid the global economic meltdown, when almost all big corporates are reeling under the pressure of financial slowdown, the small and medium enterprises (SMEs) come to limelight. Since the small units are key contributor to any nation's GDP, it is important to report about the small scale industries. In a developing country like India, SMEs are considered as the engine of economic growth. And, news for SMEs is hence quite important.
Indian SMEs make major contribution to the manufacturing output, exports and also employment level in India. The sector accounts for nearly 45% of the manufacturing output and nearly 40% of the overall exports of India. Disseminating news about the small scale industry assumes great importance as they offer employment to 69 million people across India in about 26 million units.
SME News allow these enterprises to stay aware and well-informed about various economic and industrial issues that have potential to impact their businesses. SME news also plays the role of a medium as it helps these small industries voice their opinion apart from promoting their business among the potential client base.
Although, SME news means disseminating information, but it can also enact the role of an instrument for strengthening development of SMEs and taking them to next level of growth.
Providing news related to small business is hence becomes very much important in a country where economy is growing and there is a need for the structured information for proactive decision making.
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