MSME SECTOR IMPACT
Fintech revolution 2.0 is expected to unfold in India in the next 10 years: MobiKwik’s Upasana Taku
India is a very large opportunity, the entrepreneur says, anticipating high growth in the fintech sector in the next 10-20 years.
India’s 'orange economy' making waves to trend on your feeds & shopping carts
Creator Economy in India: India is strategically formalizing its creator economy, recognizing its potential as a structured industry. The government is investing heavily through a $1 billion fund and the establishment of the Indian Institute of Creative Technology. These initiatives aim to boost creator skills, improve content quality, and facilitate global market access, envisioning creators as key drivers of economic growth and global influence.
Chemical chaos: Trump’s tariffs push small Indian chemical firms to the brink
US tariffs pose new hurdles for India's chemical sector. Experts suggest strategies like trade deals, domestic production boosts, and market diversification. MSMEs also need data access and simplified regulations.
Uttar Pradesh sets ambitious target to triple exports by 2030
The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.
Odisha govt is offering better compensation to speed up land acquisition: Hemant Sharma
The state government has identified new locations near Bhubaneswar and Jharsuguda to address the growing industrial land demand, says Hemant Sharma, Additional Chief Secretary, Industries & MSME, Odisha.
Losing its shine: Gems and jewellery industry sees slowdown in business, job losses from Trump tariffs
Despite the 90-day pause period, the industry feels that the added 10% cost will severely impact cash flows in a high-volume, low-margin sector.
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Minister HD Kumaraswamy welcomes decision of 12 pc safeguard duty on imported steel flat products
India has imposed a temporary 12% safeguard duty on imported steel flat products to protect domestic manufacturers from unfair competition, following the US's imposition of tariffs on steel imports. This measure, effective immediately for 200 days, targets non-alloy and alloy steel flat products, primarily aimed at preventing steel dumping from countries like China.
Telangana boss says 'China racing ahead while we’re on leave', slams India’s holiday overload and urges government action'
Ravikumar Tummalacharla, CEO of Cleanrooms Containments, sparked a debate on India’s holiday culture, arguing that the country’s frequent breaks are hindering productivity and damaging global credibility. His LinkedIn post highlighted the economic impact on MSMEs and critical sectors, drawing comparisons with China’s focus on economic momentum. While some professionals defended India’s holiday tradition, Tummalacharla called for a more efficient holiday calendar to balance work and cultural celebrations.
PM Narendra Modi urges tech-first governance, boost for startups, MSMEs
Addressing bureaucrats in New Delhi at the 17th Civil Services Day programme, PM Modi urged officials to view themselves as enablers of growth, especially for startups and MSMEs, in light of India’s evolving economic landscape, where smaller enterprises are becoming key drivers of innovation, supply chain management, and global competitiveness.
US tariffs will have minimal impact on Indian economy, claims BJP
The BJP asserts India's economic resilience amidst global tariff concerns, highlighting the success of initiatives like Mudra Yojana in bolstering the MSME sector and empowering marginalized entrepreneurs. The party also criticizes a DMK minister in Tamil Nadu for allegedly making derogatory remarks against certain communities and Hindi speakers, demanding his removal from office due to disrespecting Sanatan Dharma.
Time for India’s agri-exporters to look beyond US to mitigate Trump’s tariffs, say experts, stakeholders
Diversification into new markets and value-added products, along with infrastructure upgrades and support for MSMEs, are crucial for mitigating the impact and ensuring long-term competitiveness.
RBI's 25 bps rate cut, change of monetary stance to 'accommodative' timely move: Experts
RBI changed its policy stance to "accommodative" from "neutral", indicating the possibility of more rate cuts in future, Governor Sanjay Malhotra said while announcing the MPC decisions.
Govt panel set up to monitor import surge from China, Vietnam
India is establishing an import monitoring group to prevent the diversion of goods from countries facing higher US tariffs, such as China and Vietnam. This move comes as the US has imposed a 26% reciprocal tariff on India, while other Asian competitors face higher rates.
ET Exclusive | MUDRA NPA rate among world's lowest for segment: PM Modi
Launched in 2015, the Pradhan Mantri MUDRA Yojana (PMMY) aimed to provide financial assistance to micro, small, and medium enterprises, fostering job creation and income generation. Over the past decade, the scheme has disbursed ₹33 lakh crore through 52 crore loans, with a focus on empowering women and marginalized communities.
We are very concerned about possible US tariffs; it may hurt MSME exports: FIEO President
Indian exporters are concerned about US reciprocal tariffs which could impact MSME shipments. Government support is suggested to manage potential duties beyond 10%. Higher tariffs may affect costs and manpower in Indian factories, impacting future trade data and export figures.
BoB expects deposits to grow at 9-11%, loans to rise 11-13%: Debadatta Chand, CEO
The bank is doing extremely well. Fundamentally, it is a strong bank. For the past two years, the performance has been consistent, and the outlook is stable. Earlier we (had) talked about how to double the business in 5-6 years and how to maintain margin in a dynamic market scenario. The performance has been very satisfying, says Debadatta Chand.
India Inc welcomes country's first-ever passive Electronics Component Manufacturing Scheme
India Inc has praised the new Electronics Component Manufacturing Scheme aimed at boosting indigenous production and reducing import deficits. Approved by the Union Cabinet with an outlay of Rs 22,919 crore, the scheme is expected to attract significant investments, create jobs, and enhance India's electronic manufacturing capabilities.
Gold standard, macro play and a nimble elephant! Anand Rathi’s banking trio offers upside potential up to 21%
Anand Rathi’s banking portfolio favors ICICI Bank, Axis Bank, and SBI, expecting up to 21% returns. Regulatory easing, liquidity boost, and government capex are key drivers for credit growth and sector resilience, positioning these banks for strong performance in FY26.
Nirmala Sitharaman's humorous take on AAP's Raghav Chadha raising conditions of banks
Union Finance Minister Nirmala Sitharaman responded humorously to Raghav Chadha's banking concerns, urging him to leverage his western exposure to bring more insights. Chadha highlighted issues like high loan rates, declining interest returns, and increasing digital banking fraud. He called for better regulations and support for rural banking.
ET MSME Awards 2024: Meet the 20 winners of India’s biggest MSME awards
The fifth edition of the ET MSME Awards in New Delhi felicitated the very best in India’s MSME ecosystem and hosted inspiring, insightful panel discussions, fireside chats, and presentations.
March magic on display! Share.market expert tells if this is just seasonality or a trend reversal?
Beyond macroeconomic factors, market stability has been another critical catalyst. The Federal Reserve’s decision to keep interest rates unchanged provided relief to investors, while a sharp decline in India VIX signaled reduced uncertainty, encouraging fresh inflows.
ET MSME Awards 2024: Meet the nominees competing with their ‘innovative’ prowess
The Economictimes.com is back with ET MSME Awards 2024. The awards will honour the exceptional MSMEs in the country who are at the top of their game.
ET MSME Awards 2024: Here’s what’s on the agenda
The grand finale of the ET MSME Awards 2024 on March 20 will reveal 20 winners from a pool of 101 finalists. Also on the anvil is an evening of networking, engaging discussions, fireside chats, and a celebration of India’s resilient MSME sector.
China’s DeepSeek dive; RBI’s Scapia nod
China’s AI race has gotten the DeepSeek fillip, with its tech bigwigs now catching up. This and more in today’s ETtech Top 5.
Up to code: Softserv Solutions is changing the game for Indian IT subcontractors
IT entrepreneur Manoj Pipersania has big dreams for his micro enterprise. The 2023 ET MSME Awards nominee talks about his journey from ATM configurations to bagging some of the biggest international clients, and what makes him tick outside of work
ET MSME Awards 2024: And the nominees are…
After months of deliberations spanning multiple rounds of evaluation, vetting, and jury discussions, India’s largest, most credible MSME awards announces its shortlist. The winners for the ET MSME Awards 2024 will be revealed at a grand felicitation ceremony on March 20, 2025 in New Delhi.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions
Happy Friday! Public sector banks are eyeing collaborations with fintech startups to boost lending to MSMEs. This and more in today’s ETtech Morning Dispatch.
Public sector banks eye fintech tie-ups for MSME loans
Public sector banks are strengthening fintech partnerships to boost MSME lending amid a government push. Co-lending models and digital solutions are driving growth, though operational challenges remain in scaling supply chain financing.
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