India’s MSMEs are the unsung heroes of the Indian economy, contributing significantly to GDP and employment. However, a recent World Bank study revealed that only a meager 10% of Indian MSMEs export their products, a stark contrast to the 40% average in other developing economies. This alarming statistic underscores the pressing issue of market access […]

The Indian economy is projected to become the world’s third-largest by 2030. Behind this growth lies a vibrant small business sector, with over 63 million micro, small, and medium enterprises (MSMEs). Yet, a silent crisis threatens her potential: the lack of skilled manpower. According to the National Sample Survey Office (NSSO), only 4.69% of India’s […]

The global market beckons Indian MSMEs with promises of growth and expansion. However, navigating the financial complexities of international business can be a daunting challenge. Consider this: a recent study by the Federation of Indian Export Organizations (FIEO) revealed that over 60% of Indian MSMEs struggle with compliance with international financial reporting standards (IFRS), a […]

Budget 2024-25 is packed with significant changes for salaried individuals and a strong focus on Micro, Small, and Medium Enterprises (MSMEs). The budget introduces a slew of measures that could potentially revolutionize the MSME landscape in India. Let’s break down the key announcements that could make this budget a game-changer for MSMEs: Credit Access Gets […]

Namaste, fellow entrepreneurs! As an MSME consultant deeply invested in India’s economic progress, I see Budget 2024-25 as a defining moment. This is a budget that doesn’t just tinker around the edges; it lays the foundation for a Developed India, with MSMEs identified as crucial contributors to this ambitious goal. The announcements made will reverberate […]

With the government’s renewed focus on boosting e-commerce for MSMEs, a golden opportunity awaits those willing to embrace the digital revolution. The numbers speak for themselves: India’s e-commerce market is projected to reach $200 billion by 2026. This surge is fueled by rising internet penetration, increasing smartphone usage, and a growing preference for online shopping, […]

With India’s e-commerce market projected to reach US$200 billion by 2027, the opportunities for MSMEs to scale, reach new customers, and boost profitability are immense. However, this digital bazaar, while brimming with potential, can also be a labyrinthine maze for those unprepared. Many MSMEs find themselves at a crossroads, unsure how to effectively leverage e-commerce, […]

India’s Micro, Small, and Medium Enterprises (MSMEs) are a powerhouse, contributing around 30% of the nation’s GDP and employing millions. Recognizing their vital role in the economy, the government has made significant strides in recent years to foster the growth of this sector. As a result, several sectors are emerging as hotbeds for future MSME […]

In today’s fast-paced, technology-driven world, standing still means falling behind. According to a recent KPMG study, over 70% of Indian MSMEs believe innovation is crucial for their survival and growth. So, how do you ignite a spark of creativity and innovation in your MSME? Here’s how we’ve nurtured a thriving innovation culture at our own […]

The global supply chain is like a delicate symphony. When one instrument falters, the entire composition is at risk. For MSMEs, recent disruptions have been nothing short of a cacophony, threatening their very survival. According to a recent survey, nearly 70% of Indian MSMEs experienced severe supply chain disruptions in the past year. Rising raw […]