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…
AI for industrial competitiveness: India role rises in global landscape
Artificial Intelligence (AI) is rapidly transforming industries, reshaping global competitiveness and fostering economic growth. Across sectors such as manufacturing, healthcare, agriculture, finance, and retail, AI is unlocking efficiencies, enabling predictive analytics, and driving automation. For India, AI is not merely a technological advancement but a strategic imperative that has the…
BRSR: Enabling Industry to Contribute to the Sustainability Agenda
Understanding and aligning with dynamic global regulations and compliance is essential for any organisation to remain competitive and ensure long-term sustainability. At the same time, stakeholders are increasingly pressing organisations to adopt sustainable and inclusive business practices. ESG reporting frameworks have become critical for the Industry’s sustainability and resilience strategies,…
Fuelling the growth engines with reforms
In her eighth consecutive Budget, a first in independent India, the Finance Minister has presented a timely document that addresses the short-term challenges faced by the Indian economy while maintaining focus on the long-term goal of making India a developed country by 2047. After three years of robust growth, FY25…
FM lays down a transformative blueprint for India’s growth
The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman, adeptly navigates the imperative of addressing immediate economic priorities while charting a path towards India’s long-term aspiration of becoming a developed nation by 2047. Staying firm on its commitment to fiscal discipline, the Budget tackles the temporary slowdown in consumption…