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Unveiling the Hidden Giants of India's Economy: MSMEs 🇮🇳 63 million small businesses. 33.4% of GDP. 111 million jobs. These aren't just numbers – they're the heartbeat of India's economic miracle. At Good Capital, we're diving deep into the world of Micro, Small, and Medium Enterprises (MSMEs) to uncover the massive potential they hold for investors and entrepreneurs. From local Kirana stores outsmarting e-commerce giants to frugal innovations challenging global corporations, MSMEs are rewriting the rules of business in India. Swipe through our carousel to discover: - Why local knowledge trumps big data - How Rs. 100 grew into a market-leading brand - The untapped opportunities in MSME financing and digitization Are you ready to be part of India's next wave of growth? Read our view here: https://lnkd.in/gVkkeUaC

MSMEs are catalysts of growth and they are transforming India's economic landscape. In this blog, we have discussed how MSMEs are driving India's economic engine with innovation, job creation, and global competitiveness. From government initiatives to resilient entrepreneurship, explore the journey towards self-reliance and inclusive growth. Join us as we uncover the impact MSMEs have on shaping India's future. #MSMEs #Innovation #EconomicTransformation

At the Mangaluru Technovanza 3.0 event on February 6, 2024, Mr. M Rory Picardo, Head- Technology, Innovation, Education & Skills, Department for Business and Trade, UK, made several key statements highlighting the collaboration between the UK and Karnataka. He mentioned that approximately 115 UK-based companies have established their presence in Karnataka. Mr. Picardo provided examples of prominent UK companies and universities that have operations in Mangaluru and other areas within Karnataka, indicating a significant investment and partnership in the region's development. Additionally, he drew parallels between the UK and Karnataka, noting that both places offer a conducive work environment and are attractive tourist destinations, among other similarities. This comparison underscores the mutual benefits and shared interests that foster a strong relationship between the two regions. Want to know more?! Catch a glimpse of his engaging session below for more insights. To watch the entire session, visit https://lnkd.in/gcxB9XdE For more details reach out to Mukesh S, Cluster Head - Mangaluru, KDEM at mukesh@karnatakadigital.in #SiliconBeachOfIndia #MangaluruTechnovanza3.0 #DoItTheMangaluruWay #growth #technology #networking #startupshowcase #productlaunch #GCC #startupecosystem wrkwrk | DBS Bank | MicroDegree | Startup India | ASSOCHAM (The Associated Chambers of Commerce and Industry of India) | India Electronics and Semiconductor Association | nasscom

Join us at the #CIIMSMESummitDelhi on January 30, 2024, at India Habitat Center, as we unlock the potential of Micro, Small, and Medium Enterprises (MSMEs) in shaping India's future! 🚀 This year's theme is "Fuelling India@100 Growth Story," focusing on innovation, policy reforms, financing, and global competitiveness within the #MSME sector. 🔍 Explore key aspects such as: 1️ Opportunities Beyond Boundaries - International Support for Indian #MSME Market Ventures 2️ Enhancing Financial Resilience for MSMEs: #DigitalGovernance and #FinancialTechnologies 3️ Scaling from #MSMEs to MNCs: A Global Growth Odyssey 4️ Legal Renaissance: Navigating Legal Landscapes for MSMEs 📌 Register now at the link below (subject to approval): https://lnkd.in/dX3AjD4S 🌐 #CIIMSME2024 #IndiaAt00 #EconomicGrowth #Innovation #GlobalCompetitiveness #CIIDelhi #CII4NR Gautam Khurana, Jyoti Prakash Gadia, Pradeep Misra, Jaideep Singh Kalra, Priyankar Baid, Talish Ray, Rudrabhishek Enterprises Ltd. (REPL),  Confederation of Indian Industry, CIIEvents

Today, on International MSME Day, we applaud the significant contributions of Micro, Small, and Medium Enterprises to our country's economic growth and prosperity!! Every connection here been through this journey & many are still in the track👍 The 360degree trajectory in Nation building is reflected by below few stats 💵Employment :MSMEs employ over 110 million people, which is 40% of India's workforce! (Source: Ministry of MSME) 💰GDP Contribution :MSMEs contribute around 30% to India's GDP, making them a vital part of our economy. (Source: RBI) 🏭Manufacturing*: The MSME sector accounts for 45% of India's manufacturing output, producing goods worth over $100 billion. (Source: National Statistical Office) 🗺️Exports:MSMEs contribute around 40% to India's total exports, with a significant presence in sectors like textiles, leather, and handicrafts. (Source : FIEO) 💡Innovation: MSMEs are driving innovation in India, with over 50% of startups and entrepreneurs emerging from this sector. (Source: NASSCOM) Let's celebrate the spirit of entrepreneurship and the contributions of MSMEs to our economy! MSME Business Forum India MSME & Startups Forum - Bharat Ravi Nandan Sinha WICCI - Women’s Indian Chamber of Commerce and Industry #InternationalMSMEDay #MSME #SmallBusiness #Entrepreneurship #EconomicGrowth #IndiaGrows

#MSMEs are key to India's growth engine and building/scaling up key digital enablers like #TReDS is important in creating the eco system for them to flourish On this #WorldMSMEDay, we acknowledge the entrepreneurial spirit of every #MSME in India who are playing a significant role in the economic growth and India's plan of becoming US$ 7 trillion economy by 2030. #Invoicemart will continue to strive to take benefits of #TReDS to each and every #MSME across the country. #worldmsmeday #msmeday2024 #treds #digitalmarketplace #invoicemarttreds #msmeinindia

The MSME sector stands as a pillar of India's economic framework, holding the position of the second-largest job generator in the country. With over 120 million jobs attributed to this sector, it plays a crucial role in providing employment and fostering economic stability. The significance of MSMEs extends further as they contribute around 33% to India's GDP, showcasing their substantial impact on the nation's economic growth. Additionally, MSMEs are a powerhouse in international trade, accounting for a massive 48% of India's total exports. This remarkable contribution underscores the importance of supporting and nurturing MSMEs to ensure sustained economic progress. The sector's ability to adapt, innovate, and thrive in the face of challenges makes it a cornerstone of India's economic landscape. As we continue to witness their growth and impact, it becomes increasingly evident that MSMEs are not just the backbone of the Indian economy but also a driving force towards achieving global economic integration. Visit "Company24.in" or call us at +91 9216472424 to simplify your business journey. And join our WhatsApp community to get detailed regular updates: https://lnkd.in/gVAHSY7d read our blog: https://company24.in/learn #MSME #SmallBusiness #EconomicGrowth #JobCreation #IndianEconomy #ExportPowerhouse #BusinessInnovation #GDP #Employment #Trade #EconomicStability #IndiaBusiness #BusinessGrowth #Entrepreneurship #LocalBusinesses

On International MSME Day, we celebrate the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) in India's development. These businesses are the cornerstone of our economy, providing substantial contributions to employment, innovation, and economic advancement. With over 110 million employees, they account for approximately 30% of the GDP and 45% of manufacturing output. MSMEs not only drive innovation and enhance competitiveness but also play a crucial role in fostering balanced regional development, particularly in rural and semi-urban areas. Their influence goes beyond economic aspects, empowering local communities and promoting sustainable development. Today, as we commemorate MSMEs, let's acknowledge their invaluable contributions and rally behind their growth to fortify a more resilient and prosperous India. Happy International MSME Day! Proud to be associated with MSMEs and helping them grow at Fin Impact! #MSME #FinImpactForMSMEs #InternationalMSMEDay24 #SmallBusiness #MediumBusiness #SupplyChainFinance #TradeFinance #MSMEIndia

🌟 The Indian MSME sector is breaking borders with over $320 billion in exports just last year. From the bustling streets of Chandni Chowk to the serene landscapes of Kanyakumari, MSMEs across India are making their mark worldwide. Helping MSMEs tap into international markets isn't just good for business; it's a story of India's innovation and spirit making a global imprint. We're working towards helping MSMEs access the capital they need to achieve the highest standards of quality and sustainability. Our collective journey involves empowering MSMEs with access to finance, and fostering equitable entrepreneurship and innovation, all while staying ahead of the curve. 🚀 Ravi Venkatesan | Madan Padaki | Mekin Maheshwari | Ketul Acharya | IKEA Foundation #IndianMSMEs #GlobalAspirations #GAMEforGlobal #EntrepreneurialSpirit #GlobalMarkets #Innovation #SustainableBusiness #DigitalTransformation

💡 Rahul Ahluwalia, co-founder at Foundation For Economic Development (FED), noted that one of the key areas of support for MSMEs should be simpler export processes, including a green channel for e-commerce, simpler compliances, and fewer restrictions around export payments. “Targeting particular firms will require government to decide which firm is 'worthy'...which is very tricky. Broad reforms that make MSMEs lives easier in tangible ways are much better,” he said. A report jointly published by #NitiAayog and FED in March this year noted that #exports remain an under-utilized opportunity for #MSMEs, even as they are called the powerhouse of the Indian economy and contribute significantly to employment generation, exports, and overall economic growth. Citing data from the Udyam portal, the report said that despite the opportunity for MSMEs to pursue exports, only 0.95% of MSMEs are engaged in it. Out of the 15.8 million MSMEs registered on Udyam, only over 150,000 claimed to have exported their goods and services. Read the full story here: https://lnkd.in/gDE9tGC6 Link in comments for the Niti Aayog and FED report, "Boosting Exports from MSMEs". Rituraj Baruah Dhirendra Kumar #IndiaExports #IndiaEconomy #IndiaMSMEs #SmallBusiness #MSMEExports #IndiaEntrepreneurship