BHARATPRENEUR’s Post

https://lnkd.in/gMYucz95 A Path to Revitalizing MSME Productivity MSMEs hold immense potential for driving India’s economic growth and achieving the $5 trillion economy goal. However, addressing the productivity challenges in the sector is crucial for unlocking this potential. By improving access to credit, promoting technology adoption, and strengthening market linkages, MSMEs can break free from the cycle of low productivity and scale up to become globally competitive players. For policymakers, industry bodies, and financial institutions, the key lies in providing targeted support and creating an enabling ecosystem for these enterprises to thrive.

🈺 Unleashing the Potential of Indian MSMEs: Growth, Challenges, and Future The Indian MSME sector plays a pivotal role in the nation's economy, contributing significantly to GDP, exports, and employment. Spanning diverse sectors like manufacturing, agriculture, IT, and green technologies, MSMEs drive innovation, entrepreneurship, and inclusive growth. 🔍 Growth Highlights: 👉 MSMEs are vital, contributing significantly to manufacturing output and exports. 👉 Government initiatives like Atmanirbhar Bharat and digital adoption are fueling growth. 👉 Post-pandemic measures such as the Emergency Credit Line Guarantee Scheme (ECLGS) have provided stability. ✍ Challenges: -Challenges persist in areas like limited access to finance, technology integration, and regulatory complexities. - Market access and skill shortages pose obstacles to broader growth. ⌛ Future Prospects: - MSMEs are poised to integrate into global value chains with a focus on exports and certifications. - Embracing green practices and digital transformation will boost sustainability and operational efficiency. 🔍 Success Stories: - Rangsutra Crafts: Empowering artisans through fair trade and global market access. - Ecozen Solutions: Providing solar-powered cold storage to reduce post-harvest losses. - Keventers and Lijjat Papad: Scaling through innovation and community-driven models. **Recommendations for Growth:** - Simplify access to finance and digital tools. - Promote skill development and foster collaborative ecosystems. - Emphasize global outreach through trade fairs and certifications. Indian MSMEs are positioned to drive India towards its $5 trillion economy goal by 2025. Unlock the full potential of your business with a focus on growth and development. For inquiries, visit EasyTaxFilling or write here or to explore solutions for your business needs. #MSMEs #Solution #CorporateSolution #Startup #Future

🌟 MSMEs: The Backbone of India’s Economy 🌟 Did you know that Micro, Small, and Medium Enterprises (MSMEs) contribute nearly 30% to India’s GDP and 50% to its exports? From creating jobs for millions to driving innovation and exports, MSMEs are empowering India’s growth story. However, the sector faces challenges like access to credit, marketing hurdles, and global competition. With government support and digital transformation, the future of MSMEs looks promising. 💡 Dive deeper into the role, challenges, and future opportunities of MSMEs in India. 👉 Read the full article here: https://lnkd.in/gjS5_uhp #MSMEsInIndia #EconomicGrowth #SmallBusiness #Entrepreneurship #Innovation #SustainableDevelopment

𝗠𝗦𝗠𝗘 𝗦𝗲𝗰𝘁𝗼𝗿 𝗚𝗿𝗼𝘄𝘁𝗵 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟱: 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀, 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗮𝗻𝗱 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀. The Micro, Small, and Medium Enterprises (MSME) sector stands as the backbone of India’s economy, contributing significantly to employment, exports, and GDP. As we move towards 2025, the MSME sector is poised for substantial growth, driven by policy support, digital transformation, and increased global demand for Indian goods and services. This blog explores the key trends, opportunities, and challenges shaping the future of MSMEs in India. https://lnkd.in/den8_vQm

Unlocking Prosperity: Explore the Boundless Investment Opportunities in Indian Business with us. Find your Gateway to Growth and Success! 🚀🌐 At smeDEALZ, we provide you with general advice on seeking investment opportunities in India: Technology Startups: India has a booming startup ecosystem, especially in the technology sector. Look for innovative companies working on solutions in areas like fintech, healthtech, edtech, and e-commerce. Defense Ancillaries: India has been steadily increasing its defense budget, creating opportunities in the defense ancillaries sector. Investments in companies manufacturing defense equipment, electronics, and components can benefit from the government's focus on strengthening national defense capabilities. Pharmaceuticals: India is a global hub for pharmaceuticals and biotechnology. Investments in established pharmaceutical companies, biotech startups, and research and development initiatives can be promising. The pharmaceutical industry in India has demonstrated resilience and growth potential. Tourism: With its diverse culture, historical landmarks, and natural beauty, India has significant potential in the tourism sector. Investments in hospitality, travel agencies, and infrastructure development for tourism can be lucrative as the country attracts a growing number of domestic and international tourists. Manufacturing: The government's "Make in India" initiative aims to boost manufacturing. Explore opportunities in sectors like electronics, automotive, and textiles. Agribusiness: Agriculture-related investments, such as food processing, organic farming, and agri-tech, can be promising due to India's strong agricultural base. Schedule your consultation today with our financial experts before making any investment decisions. Contact us today: +91 79776 90718 or visit our website: www.smedealz.com Suresh Viswanathan #investment #investmentopportunity #opportunity #invest #business #SME #success #industry #indianbusinesses #Corporation #businessdeal #SmallBusiness #smedealz #businessowners #businessgrowth #businessvaluation #businessmarketing

𝐈𝐧𝐝𝐢𝐚'𝐬 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧-𝐃𝐨𝐥𝐥𝐚𝐫 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: 𝐂𝐚𝐧 110 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐫𝐞𝐚𝐦𝐞𝐫𝐬 𝐑𝐞𝐰𝐫𝐢𝐭𝐞 𝐭𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧'𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐃𝐞𝐬𝐭𝐢𝐧𝐲? Imagine a nation of 110 million people, each in potential powerhouse, collectively responsible for a staggering 30% of the country's GDP. This isn't a fantasy – it's the current reality of India's MSME sector. 𝐁𝐮𝐭 𝐡𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐭𝐰𝐢𝐬𝐭: These economic heroes are trapped in a complicated pathway - ☝️ 𝐓𝐡𝐞 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐅𝐚𝐦𝐢𝐧𝐞: A $380 billion credit gap is starving MSMEs of vital capital, forcing them to rely on costly informal loans. ☝️ 𝐓𝐡𝐞 𝐑𝐞𝐝 𝐓𝐚𝐩𝐞 𝐓𝐚𝐧𝐠𝐥𝐞: Bureaucratic hurdles devour 259 hours a year per MSME, stifling innovation and growth. ☝️ 𝐓𝐡𝐞 𝐆𝐨𝐥𝐢𝐚𝐭𝐡 𝐄𝐟𝐟𝐞𝐜𝐭:  Large corporations and e-commerce giants cast long shadows, making it difficult for smaller players to compete. 𝐒𝐨𝐮𝐧𝐝 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫? This is the story of countless Indian MSMEs, fighting tooth and nail for survival. Yet, amidst the struggle, there's a glimmer of hope – a roadmap to transform this sector into the driving force behind India's high-income ambitions by 2047. 𝐋𝐞𝐬𝐬𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐃𝐫𝐚𝐠𝐨𝐧'𝐬 𝐋𝐚𝐢𝐫: China's MSMEs, contributing a staggering 60% to GDP, offer a powerful model for success. Their secret? Strategic government support, streamlined regulations, and aggressive adoption of digital technologies. (FYI: More on this Chinese MSEM's success in future Posts) 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐓𝐮𝐫𝐧 𝐭𝐨 𝐑𝐢𝐬𝐞: It's time to unleash the full potential of our MSMEs. Here's how: ☝️ 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲 & 𝐂𝐨𝐧𝐪𝐮𝐞𝐫: Move beyond traditional sectors, embracing emerging industries like renewable energy, Climate tech Hardware and Healthcare. ☝️ 𝐆𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐨𝐫 𝐆𝐨 𝐇𝐨𝐦𝐞: Leverage technology to boost efficiency, reach wider markets, and outsmart the competition. ☝️ 𝐅𝐮𝐞𝐥 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐄𝐧𝐠𝐢𝐧𝐞: By 2030, MSMEs could contribute a colossal 40% to GDP, paving the way for a $5 trillion economy. India's future isn't written in the stars – it's in the hands of 110 million MSMEs. By removing obstacles and empowering these entrepreneurs, we can transform this nation into a high-income powerhouse. The clock is ticking towards 2047. 𝐋𝐞𝐭'𝐬 𝐦𝐚𝐤𝐞 𝐞𝐯𝐞𝐫𝐲 𝐬𝐞𝐜𝐨𝐧𝐝 𝐜𝐨𝐮𝐧𝐭. #MSMEs #India #EconomicGrowth #DigitalTransformation #Entrepreneurship ____________________________________________________________ Do you agree? References in comments 👇

Why MSMEs are Thriving in India and the Vision Behind Their Growth ? Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, and their growth is a testament to the resilience and innovation of our entrepreneurs. Here’s why MSMEs are flourishing and the vision that drives their expansion: 🔹 Government Support and Initiatives: From schemes like PMEGP and MUDRA Yojana to efforts improving the ease of doing business, the government is paving the way for MSMEs to thrive. 🔹 Access to Finance: With increased access to credit through banks, microfinance institutions, and venture capital, MSMEs are finding the financial support they need to grow and innovate. 🔹 Technological Advancements: Digital transformation and skill development initiatives are equipping MSMEs with the tools to compete in today’s tech-driven market. 🔹 Market Access: Globalization and the rise of e-commerce platforms have opened up new markets for MSMEs, both domestically and internationally. 🔹 Innovation and Entrepreneurship: A robust start-up ecosystem, coupled with product diversification, is driving MSMEs to new heights of innovation and competitiveness. The vision behind this growth is clear: 🌟 Economic Development: MSMEs are crucial for driving GDP growth and fostering regional development. 🌟 Employment Generation: They are a major source of employment, particularly in rural and semi-urban areas, reducing unemployment and underemployment. 🌟 Inclusive Growth: MSMEs ensure that economic benefits are widely distributed, supporting marginalized and economically weaker sections. 🌟 Innovation and Competitiveness: Enhancing the competitiveness of MSMEs is essential for sustaining long-term economic growth and positioning India as a global hub. 🌟 Sustainable Development: MSMEs are adopting eco-friendly practices, contributing to a sustainable and circular economy. 🌟 Self-reliant India (Aatmanirbhar Bharat): The vision of a self-reliant India emphasizes building a robust MSME sector to meet domestic demand and strengthen our national economy. As envisioned by our Honorable Prime Minister, Shri Narendra Modi, MSMEs are at the heart of the “Aatmanirbhar Bharat” initiative, driving India towards self-reliance and global leadership. His vision underscores the importance of empowering MSMEs to create jobs, innovate, and contribute to a sustainable and inclusive economy.

India’s Leap to 39th in the Global Innovation Index 2024: A Milestone in Innovation 🚀 India's remarkable rise from 81st in 2015 to 39th in the Global Innovation Index 2024 highlights a transformative shift in our innovation landscape. This leap reflects the nation’s growing emphasis on technology, entrepreneurship, and cutting-edge research. Key drivers of this success: 🔹R&D Investment: Enhanced focus on high-impact areas like AI, biotech, and clean energy has fueled innovation across sectors. 🔹Digital Infrastructure: Initiatives like Digital India have revolutionized connectivity, enabling widespread tech adoption. 🔹Start-up Boom: India’s dynamic start-up ecosystem, now the third-largest globally, thrives on robust government support, venture capital, and innovation hubs. 🔹IP Reforms: Strengthened IP laws have fostered a more secure environment for inventors and entrepreneurs. India is on track to break into the top 20 by continuing to invest in emerging tech, fostering collaboration, and advancing skill development. With the right focus, we are poised to become a global innovation powerhouse. The future of innovation in India is bold, ambitious, and unstoppable! 🌟 https://lnkd.in/dhnHiEJS #InnovationLeadership #IndiaTech #GlobalInnovationIndex #DigitalIndia #StartUpIndia #FutureReady #TechInnovation #IndiaRising #AIRevolution #QuantumFuture #InnovationForGood

The MSME Vectors Let me diverge just a little to contextualize my point--India’s healthcare sector has been aflush with investments. Until May 2024, it secured private equity and venture capital investments of over US$ 1 billion. In the knit of this big-ticket trend, I see the MSME sector as it robustly and consistently adds value to itself (capability, versatility, competitiveness, scale) and to overall sectoral economics. About 17% of India’s GDP is driven by micro, small and medium enterprises (MSMEs) a share which will grow to 25% within a year if the current pace sustains. This means that the country’s manufacturing market will breach US$ 1 trillion in about two years. In trade as well, MSMEs are vital --- 49% of our exports are driven through MSMEs which already contribute 33% to India’s manufacturing output. Another aspect is the contribution of MSMEs to employment ; 111 million people through 63 million enterprises. Numbers apart, I am impressed by the sheer versatility and innovation that MSMEs demonstrate: over 8000 value-added products from traditional handicrafts to cutting-edge components. This versatility reflects range, scale, adaptability. In-parallel is the fact that MSMEs promote regional development, reduce socio-economic disparity, particularly in rural and/or underserved areas. They also train local workers and impart skill-based training --- vital factors in competitiveness. This this adds to economic capacities, improves living standards, infuses greater purchasing power. All this is great stuff. Despite their very significant and incremental contributions to the economy, MSMEs are straddled with challenges ---- limited access to finance, infrastructural bottlenecks, skill gaps (notwithstanding the mitigations they effect), low adoption of technologies and last-mile logistical issues. Leveraging technology is a key lever to help MSMEs achieve sustainable growth. Tech will help enhance operational efficiencies, reduce costs, and raise the bar on product quality. Advanced technologies like cloud computing, AI and IoT can be game changers in inventory management, streamlined supply chains, data driven decision making. We do know the exponential expansion of reach which e-commerce platforms offer, especially as these are complemented by an enabling environment --- fintech solutions, digital payment platforms, improved credit access, et al. Tech greatly fosters innovation, competitiveness, agility and finally ability --- MSMEs are no exception. While initiatives like credit linked capital subsidy scheme (CLCSS) and technology upgradation fund scheme (TUFS) are strong enablers, better micro finance institutions, alternative financing options and simpler loan application processes remain imperatives. A lot has been done, a lot is being done and a lot remains to be done. We must strengthen every aspect of the MSME ecosystem and then just let them plan and play out as they do best. #vikrampratap #msme

Boost to an Indian influence & Indian economic powerhouse. Policies needed to uplift & upgrade economy- 1. Being catalyst to the startup ecosystem. 2. Modernising & automating massive Indian MSME sector. 3. Creating champion states & champion sectors of growth. 4. Digital transformations, technological transformations and good inclusive governance. 5. Powering to formation of a product nation. 6. Financial freedom & financial inclusion to all. 7. Augmenting best practices and global quality in services such as health, education, skilling, fintech, banking and transport etc. 8. Aspirational cities program for cities with upgradation in infrastructure, networking and partnerships to boost local economy. #Economy #ViksitBharat #IndiaAt100 #TopEconomy #Aspirations #Vision Prof. Mohd Ossama Mission Director - India No. 1 Economy Mission