Digital payments market size in the country is expected to touch USD 500 billion by 2020, accounting for about 15 percent of gross domestic product (GDP), a report said on July 25. The ‘Digital Payments 2020’ report, jointly published by Google and Boston Consulting Group, projects th…
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Government steps forward to revive Textile Sector & boost production
The Government has taken several steps to revive the textile sector. Firstly, it has approved a special package for boosting the employment generation and export potential of the Textile and Apparel Sector. The salient features of the package are: Labour Law Reforms Government shall bear 3.67% …
Monsoon Session of Parliament | Agendas concerning MSMEs
Carry your umbrellas as the Monsoon Session of Parliament is expected to rain bills. From Goods and Services Tax (GST) to MSME Development (Amendment) Bill, this hot and humid session has a lot on its plate for the MSME Sector. A total of 11 Bills are pending in the Lok Sabha and there are as [&h…
Among MSMEs, services sector outpaces manufacturing
CRISIL’s analysis of the performance of 4,000 Micro, Small, and Medium Enterprises (MSMEs) between FY 2013 and FY 2015 shows the growth of the services sector handily outpacing the manufacturing sector. While the services sector grew at a Compound Annual Growth Rate (CAGR) of 20 per cent, d…
Consumer, SME loan market to reach $3 trillion in 10 years: Report
With the government taking various initiatives for hassle-free and cashless financial transactions, the consumer and SME loan market is expected to grow to $3,020 billion over the next decade, says a Credit Suisse report. As per the report by the Swiss brokerage, the domestic financial landscape …
Quality, organic and indigenous products sales driving the business growth for Patanjali Ayurved Ltd: Ken Research
In the FMCG market, the Q4 results for FY’2015-2016 indicate that sales volume is not growing as rapidly as expected. The growth margins have diminished and have taken a toll on all major companies. HUL’s revenue growth has been consistently falling in the past seven quarters from 13.2% in quarte…
The travel industry boards the fintech revolution
Fintech. Much more than a buzzword, it is now spurring countless innovations that are disrupting financial services from banking to insurance. Last year alone, over $19b was invested in Fintech startups globally, cumulating in over $40b invested in the last five years. Fintech’s growth seems unst…
Skill Development in Domestic Firms will provide impetus to India Corporate Training Market | Ken Research
India Corporate Training Market is expected to reach INR 32 billion by FY’2020 Growth of the organized segment across different sectors and business streamlining initiatives in MSMEs will require heavy deployment of training programs that will help in widening of the corporate training market in …
The revenue of India Electronic Security Market is projected to increase at a CAGR of 18% in the future
Foreign players such as Honeywell, Bosch, UTC, Axis Communications and others have expanded their base in the market over the period from FY’2010 to FY’2015. These foreign companies have further increased their number of channel partners over the period FY’2010-FY’2015. Owing to this, the revenue…
Thailand agricultural machinery market expected to cross USD 600 million benchmark by 2020 | Ken Research
The 2025 projection for GDP of Thailand is estimated to be USD 585.6 billion while the GDP (PPP) of the country is expected to reach USD 1,836.1 billion The future estimates indicate the contribution of the agriculture sector to further decline in 2016 to 9.3% and by 2020; the sector is estimated…