And while the economy is galloping, there are pain points that are beginning to hurt. India has emerged as the fastest growing large economy with an enviable gross domestic product (GDP) growth of over 8%. However, the economic expansion has been uneven. The rural economy, particularly, has been sluggish and there simply aren’t enough jobs … Read more
As the Hon’ble Finance Minister Nirmala Sitharaman prepares to present the comprehensive union budget for 2024-25 on July 23, 2024, various sectors are abuzz with expectations for significant policy changes and financial allocations. Environment, Social and Governance (ESG) is not only vital to enable sustainability and resilience for the fast growing economy of India, but … Read more
The State Bank of India (SBI) has introduced MSME Sahaj, a new initiative designed to cater to the working capital requirements of micro, small, and medium enterprises (MSMEs). This web-based solution is aimed at facilitating fast and convenient invoice financing for MSMEs. Interpreting MSME Sahaj’s utility According to the bank, MSME Sahaj can swiftly approve … Read more
Micro and small businesses and professional organisations play an important role in India, accounting for an estimated 45% to 50% of the country’s business turnover. Many multinational companies (MNCs) and large Indian business houses are increasingly snapping up such businesses and bringing them into their fold. Here are the various schemes and benefits available to … Read more
India is on the cusp of change, having transformed to become the fifth largest economy in the world and is gradually moving towards being in the top three. Our economy is uniquely diverse and rapidly growing; this is powered by infrastructure, manufacturing, information technology and services sectors. A key strength is our sizeable domestic market, … Read more