Tag: gross domestic product (GDP)

“Make In India” – A creative mentation

“Make in India”, an International marketing campaign was coined and formally launched by our Prime Minister, Narendra Modi on September 25, 2014. It aims to convert India into a Global Manufacturing Hub, generating employment and boosting the economy, by urging both local and foreign …

5 ways SMEs can ensure optimum cash flow while scaling up

The Small and Medium Enterprises (SME) sector in India has grown leaps and bounds over the past decade owing to several factors like increasing availability of growth opportunities for such businesses, and adoption of innovative technology. The rapid development being witnessed in the sector is a…

Move over, IT: IIoT is the next big thing for MSMEs

Historically, the manufacturing industry and Micro, Small, and Medium Enterprises (MSMEs) have played important roles in the economic development of major economies of the world and in job creation. The report “Growing the global economy through small to medium enterprise: The G20 SME confe…

Post-demonetisation, budget to offer tax cuts for SMEs

With the impact of demonetisation on the Small & Medium Enterprises (SMEs), Finance Minister is likely to provide tax cuts to boost the SMEs businesses that have faced the hardships in the past few months. This year budget would likely be announced on Feb 01, 2017 and the government has time …

Why ‘Make in India’ is so imperative to India’s Growth

Make in India is an initiative of the Government of India. It was launched by the Indian Prime Minister, Narendra Modi on 25 September 2014. Under the ‘Make in India’ initiative, the government has, since its inception, announced several steps to improve the business environment by ea…

Govt in dilemma over curbs on cheaper imports: Nirmala Sitharaman

Union Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman, has said that the government is in a dilemma over the issue of imposing restrictions on cheaper imports, since a section of the Small and Medium Enterprises (SMEs) are achieving global competency by using …

External and internal R&D would benefit Pakistan and Indian SMEs

Small and Medium-sized Enterprises (SMEs) play a vital role in the economic growth of a country. Specifically, in developing countries where poverty, unemployment, low income per capita, low literacy rate, and high inflation and interest rates can hinder economic growth, SMEs contribute significa…