For several years, micro, small, and medium enterprises (MSMEs) have been vital to India's economic growth. The government has a lot of work on its shoulders to get them back on track.
A survey conducted by the Bombay Chamber of Commerce and Industry, along with EY, has come up with suggestions to improve the ease of doing business based on feedback from MSMEs and other sectors.
The pandemic has exposed gaps in the notion of development across global markets. India now needs to rely on a circular economy, by laying emphasis on people, planet, and profits.
The health of an economy like India’s can often be gauged by how its midsize companies are doing. The Fortune India Next 500 list delves deep into these companies, to analyse how they are faring.
The consensus is that of the four engines of India’s GDP growth only one, government consumption—12% share of the economy, will be firing. The rest are sputtering or stalled.
