27 Mar 2020 The exponential growth of Coronavirus across the world and its detrimental effect on the world economy is evident and profound. Policymakers, apart from fighting this disease, are looking for ways to mitigate its economic impact. The conundrum, however, is the payoff of containing this disease. At the…
Search Results For“msme”
MSME: Growth Driver of the Indian Economy
30 Jan 2020 The MSME sector is one of the key sectors of the Indian economy. Being one of the biggest job creators, small enterprises contribute significantly to the economy. The sector is the backbone of the national economic structure and has imparted resilience to ward off global economic shocks…
Redefining MSMEs will give the sector a boost
09 Jan 2020 A turnover-based classification will allow MSMEs to invest more in tech. This will help improve their competitiveness Micro small and medium enterprises (MSMEs) have always been vital in the socio-economic development of India. Spread across both urban and rural areas, MSMEs produce a diverse range of products…
Achieving a Financially Inclusive India with MSMEs
25 May 2019 Entrepreneurship flourishes in India – from a small corner shop to small businesses, people toil day and night to turn their dreams into a reality. Many start as very small enterprises and grow bigger to become a part of the Micro, Small and Medium Enterprises (MSME) sector,…
Easing Financing Challenges of MSME Sector
14 Nov 2018 Short Term Recommendations The vibrancy of the Micro, Small and Medium Enterprise (MSME) sector in the macroeconomic context cannot be overstated as it accounts for 7% of India’s GDP, 45% of total manufacturing output, and 40% of Indian exports while employing over 117 million people. Given the…
Access to Credit will Boost MSME Growth
22 Jun 2018 The Indian MSME sector has expanded substantially over the years and contributes significantly to India’s growth and employment. MSMEs contribute approximately 45% of India’s manufacturing output, 40% of the overall Indian exports and provide employment to around 117 million people. With a large presence of MSMEs in…
How Can Indian Businesses Create Resilient Global Value Chains?
In an increasingly interconnected world, the global economy is shaped by complex networks of production and trade, known as global value chains (GVCs). For Indian businesses, participating in and shaping resilient GVCs is critical for sustained growth, competitiveness, and economic development. However, the disruptions caused by events such as the…
CII Electronics Summit 2024: Strengthening India’s Electronics Ecosystem
The 7th CII Electronics Summit brought together policymakers, industry leaders, and innovators to explore strategies for advancing India’s electronics and semiconductor manufacturing sector. Themed “Vision to Reality: Unfolding the Electronics Manufacturing Journey in India,” the summit provided a platform for insightful discussions on challenges, opportunities, and the roadmap ahead. Investment…
Tax action in the Union budget for 2025-26 could set the course for Viksit Bharat
Balancing Fiscal Prudence and Growth Impetus Balancing fiscal prudence with the need to provide a growth impetus has been a hallmark of our government over past Union budgets. Tax buoyancy has improved, while taxation has been simplified and ease of paying taxes enhanced. With a keen eye on resilience, the…
CII VLFM Success Story Book 2024: Transformative Journey of Visionary Leaders Creating Breakthrough Success
Launch of CII VLFM Success Story Book 2024 The Confederation of Indian Industry (CII) unveiled the VLFM Success Story Book 2024, a milestone publication marking its launch after six years and celebrating the impactful journeys undertaken by Visionary Leaders for Manufacturing (VLFM) participants across various sectors. Launched at the CII…