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...
The startup vertical in India is buzzing with activity. Every day, fresh reports carrying Unicorn status news, is fueling funding and infusing fresh energy into entrepreneurs who are boldly venturing to create new startup industry categories. These soonicorns have translated their innovations into working, revenue earning models and rank among the unique startups in India. There are reports that...
The Indian Constitution grants the government the right to levy taxes in accordance with the Indian tax system. Tax revenues from the citizens of India are collected by the government to finance public works projects and improve the country’s economic standing. In India, the tax system is divided into three levels: central, state and local government. The Indian tax system allows taxpayers...
Thinking about starting your own business? To turn your vision of a profitable venture into reality, you’ll need funding. Entrepreneurs sometimes fund their businesses with personal assets and cash. However, most require outside funding for which they submit a “funding request.” What is a funding request? Essentially, a funding request is a written request for funding from a...
Over the last few years and especially during the pandemic, the country has witnessed a surge in the number of startup businesses that have made their presence known. From grocery delivery services to travel tickets, online marketplaces to books and tech gadgets, there has been a spurt in the number of people using e-commerce to fulfill their daily needs. Because of the large number of...
While the economy of India might look rather gloomy at the moment, there is one sector that continues to grow in leaps and bounds and that is online retail, or the e-commerce sector. With more and more Indians using the internet, the revenue of e-commerce companies could very well triple over the next few years to 504 billion rupees. And when we talk about retail, it is not just Flipkart, Amazon...
