Small and medium businesses play a vital role in the growth of the nation’s economy. MSMEs contributed 30.1% to India’s GDP through Gross Value Added (GVA) in 2022-23, with a 45.73% share in exports for 2023-24. Apart from a seminal contribution to the overall GDP and exports of the country, MSMEs also create employment opportunities for millions of Indians.While MSMEs remain a...
Startups in India have emerged as the backbone of the economy. With the government taking initiatives to provide a seamless funding pool and banks introducing low-cost loan options, startup businesses are thriving in India. A detailed study of 2014-2023 suggests that there have been more than 122,000 tech companies and startups alone.
The biggest factor contributing to their rise has...
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