How is the economy really doing? India’s 63 million small businesses may have the answer

Posted under: SMB
Date: 2024-12-19
India’s 63 Million Small Businesses: The Economic Pulse with Justo Global

When Q2 FY25 GDP data showed that India's economic growth had fallen to a seven-quarter low of 5.4%—a sharp decline from 8.1% in the same period last year and 6.7% the previous quarter—many small firms were not surprised. With 22 crore jobs, 40% of exports, and 40% of manufacturing output, MSMEs play a significant role in the country's economy.