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The MSME sector's revenue will shine brightly, posing as a silver lining that mirrors the robust and evolving business landscape in India, experts tell BW Businessworld , , Festival Season, festive season, business loans, india, micro small and medium enterprises, msmes, revenue, msme sector, sector’s revenue
Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is expected to increase further and exceed FY23 budget estimates by Rs 1.3-1.4 trillion. Amidst this, Jocata launched its proprietary AI/ML-based risk and business intelligence score, SME DNA, which will fast-track priority sector lending for banks and empower MSMEs to review and improve their business performan...