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Category Archives: Data Analytics

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SMEs and Business Advisory Services –Benefits of Business Advisory Services

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Small and Medium Enterprises (SMEs) are widely recognized as the backbone of any economy. SMEs contribute more than 30% to the GDP in India, and account for nearly half of its exports. In the EU, SMEs represent 99% of all businesses. SMEs often face unique challenges.  Most of such challenges can be attributed to the limited access to capital, shortage of skilled manpower, rapidly changing technology, and intense competition from larger corporations. Why Do SMEs Need Business Advisory Services? Running Read more [...]
Data Analytics

FOREIGN CURRENCY RESERVES AND ECONOMIC STABILITY – BUILDING UP FOREGIN CURRENCY RESERVES AND ITS BENEFITS

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The foreign currency reserve is a metric to judge a nation's economic well-being.  Any drop in foreign currency reserve indicates the falling ability of a country to pay for its critical imports. Countries utilize their foreign currency reserves to maintain a fixed exchange rate for their currencies. China is an excellent example since its currency, the yuan, is pegged to the dollar. When China accumulates dollars, it increases the dollar's value relative to the yuan. This reduces the cost of Read more [...]
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