According to the Ministry of MSME, MSMEs contributed to over 45% of India’s total exports in FY2024. Handloom exports made an impressive contribution to this, with approximately $1,802 million in the same period, with products exported to more than 100... View Article
Data from the MSME Samadhaan portal estimates that the total outstanding payments to MSMEs in India as of April 2024 exceeded Rs 20.7 thousand crore. This problem of delayed payments and prolonged payment cycles can pose significant challenges for MSMEs... View Article
Tier-2 and Tier-3 cities in India were once considered secondary markets, but now they account for almost 60% of all online orders. These regions are at the forefront of the e-commerce revolution, with three out of every five orders on... View Article
India’s textile sector is not only among the oldest industries in the country but also the third-largest manufacturing industry in the world. While it’s responsible for more than 6% of textile production globally, the sector contributes about 2.3% to the... View Article
From buying items weeks in advance to ordering and having them delivered in 10 minutes, festival shopping has come a long way for consumers in India. In 2024, festival shoppers will likely buy $12 billion worth of products from online... View Article
The introduction of Udyam Registration in 2020 is one of the most effective initiatives by the Indian government aimed to strengthen the country’s MSMEs. By bringing these enterprises into the official economy, the program hopes to give them access to... View Article
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