SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 09 Nov, 2021  

Internet banking generic THMB Internet-driven marketplace

Internet.9.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 09 Nov, 2021

The total number of Internet users in India has risen to 825.30 million at the end of March 2021, from 795.18 million at the end of December 2020, according to a recent report. Among them, the number of wired Internet users is 26 million and that of wireless subscribers is 799.31 million. These numbers are increasing every day, and as far as the number of active internet users is concerned, it stands at 718.74 million as of 2020, comprising 54.29% of the population.

The above figures, while encouraging, also indicate the increasing importance of Internet as a channel of commerce. Globally also, the Internet user-base is expanding at a rapid pace, and with this, Internet presence has become imperative not only for domestic traders and suppliers but also for exporters and importers dealing in international trade. In today’s world, we can’t help but admit the fact that Internet is changing the fundamental way of doing business.

Several researches conducted from time to time show that small and medium enterprises that use a wide range of Internet tools to market, sell, and support customers witness comparatively more revenue growth. Also, such SMEs usually have larger national and international customer base. These findings are not surprising at all, and with the ever expanding Internet user-base, it is high time for every small business to actively be part of the Internet revolution.

With the availability of Internet to a large part of the population, SMEs today need to revamp their models for efficiently reaching out to customers. It has become essential for them to adopt specific trends, including web-presence and digitisation. They need to learn how to use social media platforms, CRM, B2B marketplace, and so on. We all must rise to the challenge of a new Internet driven-marketplace if we want to survive and compete.

I invite your opinions.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter