"Connecting communities, empowering nations: Unifying the Regional and Global Economy ."

Category: MSME

  • Role of Government Policies in Industrial Cluster Development

    Industrial cluster development is a strategic approach to fostering economic growth at the grassroots by leveraging the synergy of small and medium-sized enterprises (SMEs) concentrated in specific geographic areas. These clusters play a critical role in regional development by enhancing productivity, innovation, and employment. Government policies can make or break…

  • Understanding Industrial Clusters

    Micro-level clusters are a crucial yet often overlooked aspect of regional economic development, playing a vital role in fostering innovation, enhancing productivity, and driving sustainable growth. These clusters refer to geographically concentrated groups of interconnected businesses, suppliers, and institutions within a specific industry or sector. Understanding their dynamics is key…

  • A New Wave of Thinking: Can MSMEs in India Tap Into the Capital Market to Reduce Borrowing Costs?

    In India, Micro, Small, and Medium Enterprises (MSMEs) have long been regarded as the backbone of the economy, contributing nearly 30% of the country’s GDP and providing employment to millions of people. Despite their economic significance, one of the key challenges these enterprises face is access to affordable credit. Traditionally,…

  • Why should Small Businesses get Digitally Empowered?

    Introduction In today’s digital age, the adoption of technology has revolutionized the way businesses operate. One significant aspect of this transformation is the accessibility of products and services. Unlike a decade ago, when reaching target audiences required considerable resources and expensive distribution channels, businesses can now connect with customers worldwide.…

  • Early Fruits of PLI Scheme

    Introduction The Production Linked Incentive (PLI) scheme in India has emerged as a game-changer, promoting growth and innovation in various sectors of the economy. Aimed at boosting domestic manufacturing and reducing imports, the scheme provides financial incentives to eligible firms on incremental sales for a five-year period. With its emphasis…

  • Time to have Centre for Excellence for Indian MSMEs

    Introduction: Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to employment generation and economic growth. However, these enterprises often face challenges such as limited access to finance, technology adoption, market access, and skill development. The existing dispensation like MSME-DI DICs failed to address…

  • A long way to go to have Right Public Policy for MSMES in India

    Introduction: Micro, Small, and Medium Enterprises (MSMEs) have always been an integral part of the Indian economy, contributing significantly to GDP, employment generation, and manufacturing output. Over the years, public policy towards MSMEs has evolved to address their unique needs and challenges. This article critically analyzes the evolution of public…

  • The Potential of CBDC and Credit Card Innovations in Cross-border Transactions

    Introduction As technology continues to advance, the payment industry constantly strives to enhance convenience and seamlessness for users. Credit cards have long been a popular payment method, and recent innovations have further propelled their capabilities. Additionally, the emergence of Central Bank Digital Currency (CBDC) has the potential to revolutionize cross-border…

  • Delayed Payments to MSMEs in India

    Introduction Micro, Small, and Medium Enterprises (MSMEs) are vital contributors to India’s economy, driving employment generation and economic growth. Unfortunately, delayed payments continue to plague MSMEs, posing significant challenges to their cash flow and operations. This article aims to explore the underlying issues causing delayed payments, discuss the steps taken…