Microscope | September 2024
Centre for Excellence in Entrepreneurship and Development (CEED)
In this issue, we explore the formalization and digitization of nano enterprises, focusing on the challenges they face in becoming key players in the billion-dollar economy. By presenting empirical research and evidence-based insights, we strive to enrich the ongoing discourse on how to address challenges, harness opportunities, and devise strategies for the unorganised sector within the entrepreneurial landscape.
Interactions with entrepreneurs enrolled in the Udyog Market Connect (UMC) program have shed light on several challenges they face and the need for strengthened market linkages, which we discuss in this article by Pranita Kadam.
Dr. Sumita Kale discusses that while the ULI reduces loan processing times and facilitates data sharing, broader lender participation and digitized data, like land records for agricultural loans, are needed.
Infographic Corner
Report of the Month
India’s Economic Outlook, August 2024
by Dr. Rumki Majumdar, Director and Economicst, Deloitte India
When we look at the state- and product-level data published by the Household Consumption Expenditure Survey (HCES 2022–23) and identify spending categories across various Indian states, we find that changing spending preferences are creating new business opportunities.
领英推荐
Figure 5 above shows the distribution of states across parameters such as per capita income and urban-rural consumption gap. Several states have improved the urban-rural spending gap, driven by rising income. These states hold the promise of a large consumer base in rural areas where preferences and consumption behaviors are changing toward nonfood spending categories.
But more importantly, the other factor that decides market opportunities is how broad-based and mature the market is. States with tapering urban and rural spending gaps offer penetration-led volume growth to the country’s GDP. If increasing income in states results in a relatively equitable distribution and higher rural spending, businesses can tap into a larger proportion of the state’s population that resides in the rural areas. This gives businesses access to a large consumer base and a sustainable consumer spending demand, as compared to states with a widening gap.?
Found our content interesting?
Want to add yourself or someone to our mailing list?
Just Click here to add email to the emailing list and we'll make sure that you receive our newsletter.