The contribution of micro, small, and medium enterprises (MSMEs) to India's economic growth is well-documented. A report by consultancy KPMG and industry body the Confederation of Indian Industry said the entities account for nearly 30 percent of India's gross domestic product and 45 percent of its exports.
MSMEs also play a vital role in socio-economic development, such as job generation (at 110 million), reducing inequalities, rectifying regional imbalances, and providing low-cost raw materials to support large industries and allied sectors.
The progress of less-developed regions and bridging the rural-urban divide depends on the robust health of the micro, small, and medium enterprises industries.
WHAT IS THE G20?
The Group of Twenty (G20) is an inter-governmental forum comprising 19 countries, which includes Argentina, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Turkey, United Kingdom, United States, and the European Union.
The G20 members represent around 85 percent of the global Gross domestic product (GDP), over 75 percent of the global trade, and about two-thirds of the world population. It was founded in 1999 after the Asian financial crisis as a forum for finance ministers and Central Bank Governors to discuss global economic and financial issues. G20 was upgraded to the level of Heads of State/Government in the wake of the global economic and financial crisis of 2007. Then in 2009, it was designated the "Premier Forum for International Economic Cooperation".
WHAT CAN THE G20 OFFER?
هذه القصة مأخوذة من طبعة March 2023 من The Machinist.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 2023 من The Machinist.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BFW INAUGURATES ITS STATE-OF-THE-ART MANUFACTURING FACILITY IN HOSUR
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WALTER INTRODUCES NEW COMPETENCE BRAND FOCUSING ON LIGHTWEIGHT MACHINING
Walter is raising its profile for the machining of lightweight components with the new Walter FMT competence brand.
UNPACKING THE FUTURE: THE INTERNET OF PACKAGING REVOLUTIONISES SUPPLY CHAINS AND CONSUMER EXPERIENCES
The article explains how the Internet of Packaging (IOP) is changing traditional packaging methods. With the help of technologies such as QR codes, RFID, and NFC, smart packaging goes beyond its conventional function as a container
DE-SKILLING - THE FASTEST WAY TO RAISE PRODUCTIVITY
Often viewed as a negative trend in the workplace, de-skilling can offer numerous benefits that can lead to increased productivity and reduced laborious efforts. The article demonstrates how companies can augment their efficiency by utilising the potential of workers while simplifying processes through de-skilling.
WE ARE HEAVILY INVESTING IN THERMAL MANAGEMENT SOLUTIONS
Vikas Marwah, CEO of Lumax Auto Technologies Limited (LATL), sheds light on the driving factors that led to the development of automotive air intake systems recently unveiled at Lumax Cornaglia Auto Technologies (LCAT) Private Limited's new facility located in Chakan, Pune. Additionally, he talks about the newly introduced rotational moulding technology and the competitive edge it will offer in terms of innovation and growth in an interview with Nisha Shukla.
FARMING FORTITUDE: GALVANISED STEEL'S VITAL ROLE IN AGRICULTURAL ADVANCEMENT
From protecting valuable assets to supporting critical infrastructure, the article delves into the critical role galvanised steel plays in fostering the success of the agricultural industry.
THE FUTURE OF SOFTWARE DEFINED VEHICLES IN INDIA
The article explores the potential and future of 'software-defined vehicles in India', investigating the evolution of software-driven mobility, the integration of sophisticated technology, and its growing impact on the Indian automotive industry.
LEVERAGING AI & ML IN ENHANCING CUSTOMER EXPERIENCE IN NBFC IN INDIA
The article delves into the ubiquitous role artificial intelligence (AI) and machine learning (ML) algorithms play in positively shaping the customer experience and the operations of Non-Banking Financial Companies (NBFCs) in India.
OUR STRATEGY IN EMERGING MARKETS FOCUSES ON INNOVATION AND AFFORDABILITY
For Wilo Group, emerging markets have always served as a conducive ground for innovation and expansion. While it comes with numerous challenges and opportunities, for Jens Dallendoerfer, Senior Vice President of Sales Region Emerging Markets, Wilo Group, the most compelling aspect of tapping emerging markets is the sheer scale of untapped demand and growth potential. In an interview with Rahul Kamat, he candidly talks about the company's approach to making inroads in emerging markets.
LINDSTRÖM LAUNCHES FLOOR MAT RENTAL SERVICE FOR INDIA
Lindström India, a 100 per cent subsidiary of the Finnish Lindström Oy, a global textile rental company offering workwear and cleanroom services, has launched the unique floor mat rental service for India.