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Cottage, Micro, Small, and Medium Enterprise (CMSME) Development
The contribution of CMSMEs to GDP is 25 percent in Bangladesh whereas it is 60 percent in China, 52 percent Sri Lanka, 40 percent in Vietnam, 35 percent in the Philippines, and 30 percent in Pakistan. Technological adoption has started outweighing all other factors around the world when large enterprises have already accumulated wealth to adopt newer technologies where CMSMEs are lagging-behind. Therefore, market neutrality is often hampered and taking a biased shape towards large corporates.