The MSME sector is projected to reach USD 1 trillion in the next five years with a 7 per cent expected growth in FY24
Read MoreWhile talking to BW Businessworld, experts highlight that there is a need for financial aid to address delayed payments and credit gaps
Read MoreAccording to the study, about 43 per cent of MSMEs prefer UPI and 38 per cent prefer aadhaar banking for last-mile banking services
Read MoreDuring the pandemic, while MSMEs prioritised digitalising their workspaces, in 2024, the focus has moved on to engaging with their customers digitally
Read MoreThe demand for credit continues to be on an upward trajectory, according to the report
Read MoreAs GST continues to evolve, its impact on the Indian economy, particularly on MSMEs, will likely become even more pronounced, writes Amit Prasad
Read MoreAs business operations and compliance increasingly move to digital platforms, women entrepreneurs in rural or underdeveloped areas may face challenges due to limited access to technology and digital literacy, says Nidhi Bhasin, CEO, Nasscom Foundation
Read MoreIndia has more than 70 million micro, small and medium enterprises (MSMEs), creating over 111 million jobs and contributing nearly 30 per cent to gross domestic product (GDP)
Read MoreIndian micro, small and medium enterprises (MSMEs) account for 90 per cent of businesses and over 70 per cent of employment, according to the United States (UN) and are the core business of several economies
Read MoreOver 633.9 lakh micro, small and medium enterprises (MSMEs) across India of which more than 99 per cent fall under the micro category
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