Global Headwinds vs. Domestic Growth: Should Export Manufacturers Expand or Wait?
You must have seen the news headlines screaming about a global economic slowdown, rising interest rates in the US, and geopolitical tensions in Europe. It paints a rather gloomy picture, doesn’t it? But then, you look at your business operations. The machines are humming, your workers are busy, and your domestic order book is looking […]
Introduction Women entrepreneurs have been a remarkable agent for change over the last decade in India and large swathes of the globe. Programs such as StartUp India, Stand-Up India, and Mudra Yojana and various similar initiatives of the Indian government have supported first-time women founders (from rural or semi-urban areas) to follow their ambition
The Government of India has introduced the ZED (Zero Defect Zero Effect) Certification Scheme to accelerate the growth and global competitiveness of MSMEs. This visionary initiative enables small and medium-sized enterprises to adopt world-class standards in quality, productivity, and environmental sustainability, aligning with India’s mission to build a self-reliant and resilient economy. Through the
Introduction The Ministry of Micro, Small and Medium Enterprises, Government of India, initiated the ISO certification reimbursement scheme so that MSMEs acquire globally accepted ISO certification standards. This MSME ISO certification scheme provides financial reimbursement for costs associated with acquiring such certifications. Through its ability to help MSMEs meet international quality and environmental requirements,
Gone are the days when you had to approach banking institutions and NBFCs for loans and credit facilities. With the introduction of technology in finance, the landscape has evolved rapidly. One of the most disruptive innovations in recent times in this area has been P2P lending. Of late, P2P loans have been gaining popularity
Micro, small and medium enterprises (MSMEs) are the backbone of the Indian economy. These entities contribute a significant percentage of the nation’s GDP. However, for a long time, they were unable to fully realise their potential due to a lack of funding options. Fortunately, banks, financial institutions and even the government of India have
A consistent flow of working capital is necessary to ensure smooth day-to-day operations, optimum liquidity, and seize growth opportunities. Working capital is essential in meeting outflow requirements like salaries, wages, raw material costs, utilities, etc. A deficit in working capital requirements can stall production, leading to business stagnation. To avoid this, companies can opt
The Goods and Services Tax (GST) framework simplifies the entire indirect taxation system of India. It even introduced a unique composition scheme that enables small taxpayers to reduce their liability and compliance burden. Individuals and businesses with annual turnovers of less than Rs. 1.5 crore (Rs. 75 lakh for special category states) can opt
Introduction Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, contributing nearly 30% to the GDP and employing over 110 million people. However, a key challenge MSMEs face is accessing larger, stable markets, particularly those driven by government procurement. That’s where the Government e-Marketplace comes into play. Launched in 2016, the
It is rare to walk in an Indian neighbourhood and not find a kirana shop that caters to the entire resident community. Often overlooked in usual discussions of the vast Indian economy, these small businesses play a vital role, providing essential goods and encouraging local commerce. However, running a kirana store presents various challenges,
With the entrepreneurial spirit being celebrated increasingly by the day in India, many aspirants are taking the leap and launching their business ideas. If you are also eager to capitalise on this trend but have no concrete ideas to implement, why not consider establishing an event management startup? Events like first birthdays, fiftieth birthdays,
