Declining credit growth is preventing small businesses from leveraging the opportunity, but a fresh line of credit can enable them to repurpose stock, meet demand, and maximize profits during the high-demand season. The festive season in India brings high sales... View Article
From Equality to Economic Growth: The Constitution’s Enduring Support for Small Businesses 26 November marks India’s Constitution Day or Samvidhan Diwas, as the nation adopted the Indian Constitution in 1949 that came into effect on January 26, 1950. Drafted over... View Article
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