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DBS Bank India and Receivables Exchange of India or RXIL unveil a pre-shipment financing solution on Trade Receivables Discounting System (TReDS) to empower micro, small and medium enterprises (MSMEs)
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The report says that Indian cotton prices are currently lower than global prices, helping cotton spinners grow their volumes
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The rupee depreciation and spiking freight costs due to logistical challenges worsened the price increase
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Prolonged high rates are likely to weigh on the gross domestic product (GDP) growth this fiscal, according to the report
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During the pandemic, while MSMEs prioritised digitalising their workspaces, in 2024, the focus has moved on to engaging with their customers digitally
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As GST continues to evolve, its impact on the Indian economy, particularly on MSMEs, will likely become even more pronounced, writes Amit Prasad
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As 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
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India 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)
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Indian 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
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Over 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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