Top Reasons for Indian MSMEs to Adopt Lean Manufacturing Indian MSMEs have saved over ₹98 crore, improved productivity by up to 27%, and reduced defects by 73% across 347 pilot units under the government’s Lean Manufacturing Competitiveness Scheme (LMCS) [1].... View Article
The percentage of MSME loans overdue by 90 to 720 days dropped to 2.3% in Q2 FY24. This marks the lowest delinquency rate observed in the past two years, indicating responsible repayment behavior among MSMEs. This improvement is a positive... View Article
Of the 52 crore loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY), 78% belong to the Shishu category (loans up to ₹50,000), which is typically constituted of first-time entrepreneurs1. This rise highlights India’s expanding base of new micro-entrepreneurs and... View Article
India recorded a score of 64.2 on the Reserve Bank of India’s (RBI) Financial Inclusion Index at the end of March 2024. This composite index, developed by the RBI, measures the extent of financial inclusion across the country on a... View Article
The United States remained India’s largest trading partner in 2024, with total bilateral goods trade reaching approximately $129.2 billion. US exports to India stood at $41.8 billion—an increase of 3.4% ($1.4 billion) from 2023—while imports from India rose by 4.5%... View Article
In the past five years, India has witnessed a remarkable 310% increase in patent filings by MSMEs and startups—from 1,492 filings in 2018–19 to 6,120 in 2023–241. The surge highlights two key factors: the growing awareness of Intellectual Property Rights... View Article
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