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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PayNearby's 'MSME Digital Index 2024' shows 65 per cent of small businesses using digital tools, with a positive impact on operations and sales
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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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The Digital Competition Bill (DCB) may create a false sense of "fairness" but will limit choices for small businesses. Experts note that the DCB removes valuable services provided by big platforms
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The years 2022 and 2023 have been pivotal for SME IPOs in India. There was a noticeable shift towards priority sectors such as agriculture, logistics and infrastructure, and manufacturing, writes Tarun Singh, Founder and Managing Director of Highbrow Securities
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Apprenticeships are a proven pathway for addressing skill deficits and they offer the dual advantage of on-the-job training combined with theoretical knowledge rooted in the core job role, writes Ramesh Alluri Reddy, Chief Executive Officer, TeamLease Degree Apprenticeship
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Currently, over 4 crore MSMEs are registered on the Udyam portal and only 1.5 crore have GST registration
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In a pre-budget meeting with union finance minister Nirmala Sitharaman, industry bodies such as PHDCCI, FICCI and Assocham suggest bolstering Indian micro, small and medium enterprises (MSMEs) and helping them overcome monetary hurdles
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The tax processes, harassment and intimidation by state tax authorities are pulling the clock back for ease of doing business, say experts
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While the festive season presents an opportunity for businesses to boost their sales and increase their revenue, MSMEs still struggle because of the lack of working capital
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