A report on Small and Medium Enterprises (SMEs) in India has been released by FICCI

Current Context: The Federation of Indian Chambers of Commerce and Industry (FICCI) released a report on Small and Medium Enterprises (SMEs) in India on October 19, 2023. The report was conceptualized to assess the awareness of and preparedness for digitalization and sustainability by SMEs from the manufacturing sector in India.

• The report is based on a nationwide survey of more than 600 SMEs across 14 cities, followed by focused group discussions.
• It highlights how SMEs are adapting to the digital transformation taking place and adopting sustainability practices.
• The study revealed that SMEs in India have been increasingly adopting technology and digital solutions to enhance their competitiveness.
• This includes the use of e-commerce platforms, digital marketing, cloud computing, and automation tools.

Question:

Q.1 Who released the report on Small and Medium Enterprises (SMEs) in India?
a. Reserve Bank of India
b. Federation of Indian Chambers of Commerce and Industry (FICCI)
c. Ministry of Micro, Small and Medium Enterprises
d. Confederation of Indian Industry