At the same time, SMEs need to work on their internal structure, processes and practices to achieve expected growth. Going forward, SMEs will need constant support from the government to achieve its full potential. In 2017, SMEs are expected to create the bulk of employment and are estimated to add over 1.3 million jobs per year. India has more than 51 million SMEs that provide employment to around 120 million people. Sumit Sabharwal (SS) - SMEs play a pivotal role to country's economic growth. Sumit Sabharwal, Managing Director (India & SAARC) of Excelity Global spells out challenges SMEs face in the domain of HR and how they can counter it.Įconomic Times (ET) - What are some of the HR challenges that SMEs face? ![]() ![]() ![]() SMEs face numerous challenges, but issues around human resources is one of the biggest challenges for small business.
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