No economist would disagree with the statement that credit is a key fuel for economic growth, without which, normal economic activity would be virtually impossible. What is equally indisputable is that the Indian economy in general and Indian small businesses (MSMEs) in particular, have been cred…
Tag: Demonetisation
How will GST impact MSMEs?
The increasing formalisation of the Indian economy, especially through digitisation, is an inexorable advance that will upend the business model — based on the twin arbitrage of labour and cash transactions — of micro, small and medium enterprises (MSMEs). India’s paradigm shift to the Goods and …
‘FinTech: The growth propeller for MSMEs’
Demonetisation affected many people in many ways. But the most to feel the heat were small and medium business owners. Largely a cash intensive market, scrapping of Rs 500 & Rs 1000 notes and scarcity of lower denomination notes drove them to adopt digital payment tools to keep the business g…
India to clock 7.1% GDP this year, 7.5% in 2018: UN
United Nations: India is expected to clock 7.1 per cent growth this year before edging up to 7.5 per cent in 2018, according to a UN report, which warned that the country faces heightened risks related to the concentration of bad loans in the public sector banks. The UN Economic and Social Commi…
How SMEs are benefiting from the internet?
In recent past we have seen a surge in internet penetration in India. The reasons are multiple like the ambitious Digital India program, the reducing cost of internet, increase in reach of smartphones and finally Reliance JIO and others providing internet at lower prices to end users. This surely…
India’s IT/BPM industry needs to shift from scale to skill: Nasscom chairman Raman Roy
The National Association of Software and Services Companies, or NASSCOM, a trade association, recently appointed Raman Roy as its chairman for 2017-2018. Roy seems to be the right person at this time, given he has played a pivotal role in building the Indian BPM/BPO industry. He’s had to face sig…
Fresh bad loans created in Agriculture, SMEs due to demonetisation, says Pronab Sen
Pronab Sen, the former secretary of the Ministry of Statistics and Programme Implementation, was responsible for setting up the government’s data gathering machinery as the first Chief Statistician of India. One of the most regarded economists, he has taught at the Delhi School of Economics and J…
GST बढ़ाएगा भारत की आर्थिक ताकत, जीडीपी पहुंचेगी 7.2 प्रतिशत पर: वर्ल्ड बैंक
नोटबंदी के बाद आर्थिक कमजोरी झेल रहे कई भारतीय क्षेत्रों के लिए वर्ल्ड बैंक खुशखबरी लाया है। विश्व बैंक की एक रिपोर्ट में सामने आया है कि वित्त वर्ष 2017-18 में भारत की जीडीपी 7.2 प्रतिशत पर पहुंच जाएगी। साथ ही इस रिपोर्ट के हवाले से पता चला है कि वस्तु और सेवा कर यानि […]
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India exports grow fastest in 5 years in 2016-17, despite demonetisation
India’s exports grew at its fastest pace in five years by 4.7% to $274.65 billion during the financial year 2016-17, despite the demonetisation drive that slowed domestic economic activity since November. In March, exports grew a whopping 27.6% to $29.23 billion after clocking a 17.5% jump in Feb…
Start-up Jhakaas offers tech-based tools to bring SMEs close to customers
Small and medium enterprises (SMEs) in India find it difficult to meet the demands of consumers due to limited access to sophisticated technologies such as Big Data analysis and machine learning. This is exactly where a handful of tech start-ups are looking to chip in, with technologies tailor-ma…