A special economic zone (SEZ) is a designated zone or enclave within a country’s national borders with more permissive economic laws than the rest of the country. It’s a duty-free zone within a country with its own set of economic and commercial laws, primarily to attract investment and job creation. Apart from creating job opportunities and encouraging investment, SEZs are established to...
The micro, small and medium enterprises development (MSMED) Act of 2006 states that an MSME is any micro, small and medium enterprise (MSME), operational in the manufacturing or service sector. A new MSME definition further categorized them based on the value of their individual investment in equipment and the annual turnover of the enterprise. The importance of MSMEs can be gauged from the fact...
Fundraising is an inevitable part of a startup’s growth curve and there are different stages of funding that it goes through, to expand its services and function at an optimal matrix of performance and profitability. These different rounds of raising funds, pre-seed, seed and series rounds, help it to infuse essential capital at timely stages into the venture which keeps it well aligned to preset...
The early-stage startup ecosystem in India is flourishing. Fresh reports indicate a steady uptick in the number of incubators and a growing trend of young minds being more inclined towards entrepreneurship. No wonder the startup sector in India is today a vibrant vertical, full of innovative ideas and performance driven parameters, which have surpassed all previous benchmarks and are now playing...
Over the last few years, a bold new breed of entrepreneurs bursting with ideas have emerged on the Indian business landscape. Nimble and confident, they are raring to scale up their global ambitions. This is the startup generation. According to the Economic Survey 2021-22, the Department for Promotion of Industry and Internal Trade (DPIIT) has officially registered over 61,400 startups in India...
When top global investors look at India today, they see a country full of potential. A large population, sizable untapped markets, diverse cultures, spending habits; all this supported by very entrepreneur and enterprise friendly government initiatives, has meant that the Indian economy is attracting big ticket investors like a magnet. The point to be noted here, is that these investments...
Every country’s economy is a composition of diverse businesses. The common classification of industries has been primary, secondary and tertiary and in their own way, each industry contributes to the overall growth of the economy and in turn to the rising standard of living. Over the years however, the startup sector has come into its own and is transforming the business ecosystem like no other...
Business and risk are two sides of the same coin. The risk of unpredictable loss and failure being omnipresent in every enterprise. However, the thing to be noted here is that, there are far reaching ramifications whenever a business goes bust. Economically perhaps, there is a figure that can be put to it. However, the social impact i.e. the loss of livelihood, the uncertainty, the stigma...
For decades, taxation has been the key source of revenue for governments all across the world, including India. The country has a well-structured tax system that employs both liberal and progressive taxation depending on income and other criteria, with the national and state governments determining the rates. Tax income is the money received by the government and can be used for a variety...
Running a country, particularly one with such a large population as India, is expensive. The government is able to carry out civic operations only from the taxes we pay. In other words, without taxes, the government would be unable to manage the country. One of the most important sources of revenue for the Indian government is income tax. If people begin to view income tax as a burden...