The micro, small and medium enterprises (MSMEs) are increasingly adopting digital procurement solutions, but longstanding operational challenges continue to constrain their growth, according to a nationwide LocalCircles survey released ahead of World MSME Day 2026.
The study found that digital marketplaces are helping MSMEs improve procurement efficiency through competitive pricing, broader supplier networks, quicker purchasing cycles, and GST-compliant invoicing. However, more than half of the surveyed enterprises continue to grapple with issues such as supplier management, payment and credit constraints, regulatory compliance, and fluctuating input prices.
