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,…
Search Results For“msme”
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…
New Trade Pact a Win-Win for India and U.K.
The India-U.K. Comprehensive Economic and Trade Agreement (CETA), which came into force on July 15, marks a pivotal moment in the evolution of bilateral ties. More than a conventional tariff-reduction pact, the agreement reflects a strategic alignment between two major democracies seeking to recalibrate their economic engagement in a rapidly…
Inside India’s PLI Story and the Atmanirbhar Bharat Playbook
The Production Linked Incentive (PLI) has emerged as a cornerstone of India’s 21st-century industrial policy. Launched in 2020 as a part of the broader Atmanirbhar Bharat Mission, it is establishing the nation as a leading global manufacturing hub by promoting innovation, enhancing efficiency, and boosting competitiveness across critical industries. By…
From Creativity to Global Leadership: India’s Orange Economy is Shaping the Future
Creativity at the Centre of Economic Power The global economy is undergoing a fundamental shift. Today, value is no longer driven solely by physical production but increasingly by creativity, intellectual property, and digital platforms. Ideas travel faster than goods, and cultural influence now plays a critical role in shaping economic…
Fostering India-Japan Ties
The India-Japan relationship has significantly matured. Over time, it has evolved from a standard bilateral partnership to a Special Strategic and Global Partnership. With Japanese Prime Minister Sanae Takaichi on a visit to India, understanding the nuances of this bilateral partnership is more crucial than ever. A significant aspect of…
From Grassroots to Growth: Building an Inclusive India Through Local Innovation
India’s greatest strength lies in its grassroots communities, where local innovators continue to address everyday challenges through indigenous knowledge, traditional skills, and practical, need-based solutions. Spread across rural villages, small towns, and Tier-2 and Tier-3 cities, these innovators possess immense potential to generate livelihoods, strengthen local economies, and drive inclusive…
India’s Trade Diplomacy Rewriting Its Place in the Global Economy
Today, the global economic order is undergoing a profound change. We are moving from the era of hyper-globalization, characterized by deeply integrated supply chains and borderless trades, to a more fragmented landscape defined by strategic partnerships, economic security concerns, and a regional framework. Amid this shift, India has now emerged…
State Finances in Transition: Deficits, Debt, and Fiscal Space
State governments anchor India’s fiscal architecture, with combined expenditure exceeding the Centre’s. Their fiscal position has a direct bearing on development outcomes, macroeconomic stability, and cooperative federalism. After the pandemic-induced spike in fiscal deficit (around 4.1 per cent of GDP in 2020–21), states consolidated, with deficits falling below 3 per…