MSMEs eye $12 bn festive season e-commerce boost
Growth is expected to be fuelled by strong demand in fashion, electronics, beauty, and personal care segments, with quick commerce expected to contribute $1 billion in gross merchandise value.
Growth is expected to be fuelled by strong demand in fashion, electronics, beauty, and personal care segments, with quick commerce expected to contribute $1 billion in gross merchandise value.
Focus on jobs, MSMEs, rural sector and infrastructure is expected to fire up the domestic consumption engine amid slackening global growth.
Collateral-free loans of up to ₹100 crore to pave the way for firms to expand their capacity
The Union Budget 2024 presents a chance for the government to provide a clear and consistent policy roadmap, writes Rashesh Shah, chairman of Edelweiss Financial Services.
"We believe the government will underscore its efforts in promoting manufacturing and infrastructure in the country," says Rumki Majumdar.
In the pre-budget roundtable of Fortune India, Dubey said the government needs to focus on the MSMEs as large businesses have already been provided multiple benefits such as PLIs and tax cuts.
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
India is emerging as a start-up nation, creating 12 lakh-plus jobs. The MSME sector, meanwhile, contributes more than 29% to the country’s GDP and is responsible for 50% of total exports.
Post GST, credit to MSMEs has grown at a faster rate even as overall credit growth has faltered.
Production-linked incentives start making India self-reliant in key sectors.