A mix of traditional credit facilities from banks and innovative financing mechanisms will be critical for the growth of MSME in recent times
As India aspires to become a developed super-economy, the transformation of the MSME sector remains a prerequisite. Indian MSMEs contribute 8 per cent to National GDP, 45 per cent to manufacturing output, 40 per cent to exports, and provide...
Debt restructuring, or eventual liquidation will be a speedier exercise and hopefully less frustrating for the stakeholders.
Budget 2018 has introduced major reforms in the social sector, viz. healthcare and education. FICCI looks forward to greater measures in this direction in coming years.
Having sensed the opportunity right, several companies in India have also begun adopting the A.R.T approach to running a successful business instead of working in silos and reinventing the wheel.
The transformation towards a more digitised economy encompasses five key elements: consumer payments, digital lending, internal transformation, evolution of financial inclusion into greater economic inclusion and collaboration between banks and fintech.