ECONOMY Archives - SolutionBuggy

How MSMEs can Sustain the Covid-19 Second Wave?

By SolutionBuggy
June 11, 2021
BUSINESS OPPORTUNITIES, CHALLENGES, ECONOMY, GOVERNMENT & SCHEMES, MANUFACTURING INDUSTRY, MSMEs
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The MSME sector has been the lifeblood of India’s economy contributing to over 30% share of the GDP, 45% of domestic manufacturing and 40% of the exports. It is the second-largest employment generator in the country, providing employment opportunities to approximately 11 Crore people. Check out the video on ‘Post-Covid…

How Can Electronics Manufacturing Contribute $1 Trillion to India’s Economy by 2025?

“Electronics manufacturing alone can contribute USD 1 trillion to India’s economy by 2025,” said Ravi Shankar Prasad, the Minister of Communications, Electronics and Information Technology, at an event organized by ASSOCHAM. The manufacturing of electronic devices including mobile phones and components, laptops, tablets and TVs has the potential to contribute…

PLI Scheme to Boost Manufacturing in India

By SolutionBuggy
November 24, 2020
ECONOMY, GOVERNMENT & SCHEMES, MANUFACTURING INDUSTRY
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Over the last many years, successive Indian Governments have tried to improve India’s Balance of Trade and protect domestic industry by incentivizing exports and restricting imports. These have taken the form of Export incentives to try and boost exports through measures such as Cash assistance, Export subsidies, EOUs and SEZ,…

Top 5 Key Takeaways on the Special Economic Package Announced for Industrial Sector

By SolutionBuggy
May 23, 2020
ECONOMY, GOVERNMENT & SCHEMES, MANUFACTURING INDUSTRY
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The lockdown has wavered the Indian Economy and GDP growth has plummeted abysmally. The lockdown in India has affected the daily wage workers and small businesses so severely that businesses were in the doldrums. With their reserves being used up, they had an operational fund deficit. For the small business…

Should India Implement the Policies China Implemented Two Decades Back

By SolutionBuggy
August 31, 2019
ECONOMY, GOVERNMENT & SCHEMES, MANUFACTURING INDUSTRY
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Indian products have had a demand in the market since the ancient ages. The artifacts that were made out of just the household in India had a huge demand in the European market. In addition to this, the textile industry i.e. the cotton fabric that was weaved in India had…

Indian manufacturing sector: Economic growth engine on track

Manufacturing has emerged as one of the prominent growth sectors in India and the nation is on track to become the fifth largest manufacturing country in the world by 2020. The ‘Make in India’ program aims to position India on the world map as a manufacturing hub and give global…

Impact of the Interim Budget 2019 on MSME Sector

The interim budget has focused on two key elements — the farmers and the urban middle class with most of the direct and indirect benefits targeted at this segment. For micro, small & medium enterprises (MSMEs), which are critical, large-scale growth engines of the economy, other than the interest subvention…

PM Modi Announces MSME’s Loan up to 1 Crore In 59 Minutes

Image source: https://thelogicalindian.com/ How the plan will help the MSME sector. Who are the beneficiaries? How it will impact the manufacturing sector growth and GDP. Is the effect immediate? Will, there be any misuse of funds and leakages, etc. On November 2nd Prime Minister Narendra Modi announced a loan sanction of…

Here’s how small manufacturers are still the backbone of the community

Big organizations hoard the spotlight. Regardless of whether it’s the front page of the national daily papers or the news – huge business parallels huge news. Yet, shouldn’t something be said about those at the flip side of the range? Private ventures make up 99% of the 5.2m organizations in…

Category: ECONOMY