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…
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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…
The Brics Summit has Set a Stage for Business to Move the Needle
When India assumed the Brics chairship this year, many commentators wagered that the grouping’s diversity of interests and geopolitical cross-currents buffeting the world economy would make consensus elusive. Some predicted a thin, lowest-common-denominator text, while others doubted a declaration would emerge at all. The New Delhi Declaration of 12 September…
The Future of Pharma: Patient-Centric, Equity-Driven and Innovation-Led
India’s Pharma Sector: Advancing Innovation, Access and Resilience India’s pharmaceutical sector is entering a phase where generics strength alone will not define competitiveness. Precision medicine and genomics, rising demand for rare disease therapies, artificial intelligence, and the need for resilient supply chains are reshaping the global healthcare landscape. For India,…
Logistics intelligence
For much of modern economic history, national competitiveness was shaped by visible infrastructure. The investments in roads, ports, railways and warehouses investments enabled production to scale, markets to integrate and firms to reach customers at lower cost. The next frontier of logistics competitiveness, however, will not be defined by physical…
Tamil Nadu must now begin focusing on new growth engines
Tamil Nadu has built a strong base for its next phase of growth, with rising exports, new investments and deep human capital supporting its economic momentum. The state has recorded double-digit real growth for two consecutive years and has a per capita income almost twice the national average—an achievement unmatched…