India’s 6.3 crore MSMEs (Micro, Small and Medium Enterprises) are pivotal to the country’s climate and development narrative. These enterprises, encompassing manufacturing, services, and trade sectors, collectively contribute around 30% to India’s GDP and about 45% of total exports. Employing…
An astonishingly great transformation is going on in the whole of India. The country is moving boldly forward into a new economic phase, which to some extent already acknowledges the people’s potential (that remains untapped) as the biggest asset. The…
India’s construction industry has undergone a significant boom over time, consequently making the country one of the leading markets for building. While the conventional “grey” infrastructure (i.e., built on concrete and steel) continues to prevail in terms of quantity and…
India is slowly establishing itself as one of the top players in the global defence industry. The statistics suggest that the domestic defence industry had a turnover of ₹1.27 lakh crore in the fiscal year 2023-2024, and the exports had…
MSMEs, or micro, small, and medium enterprises, are usually regarded as the mainstay of modern economies. They are responsible for a significant part of the global workforce, being at the forefront when it comes to innovation, besides helping to keep…
India’s post-pandemic economic recovery has been one of the fastest among major global economies. Despite global headwinds, the country’s strong macroeconomic fundamentals, judicious fiscal management, and far-reaching structural reforms have helped maintain strong growth impulses. Fiscal policy has emerged at…
MSME sector accounts for 30.1% of India’s GDP, 35.4% of manufacturing and 45.73% of exports in the country as on July 20251. As on July 16, 2024, total employment reported by the MSMEs on the Udyam Registration Portal (since July…
