India home to 247 mn entrepreneurial households driving $8.8 trillion transaction value

Mumbai: India is home to at least 247 million entrepreneurial households who will be the drivers of India’s next economic wave, driving an $8.8 trillion transaction value in FY23, a new report showed on Wednesday.

These entrepreneurial households will be drivers of the next economic wave in India and their core transaction value (CTV) is set to grow 12.7 per cent (year-on-year) to $95.2 trillion by FY43, according to the report by Enmasse, an international network of people and organisations, and management consulting firm Praxis Global Alliance.

The report unveils a key new metric — core transaction value — which shows an enormous market, poised for growth, that remains undercapitalised.

Such entrepreneurial households are characterised by multiple diversified sources of income and turn these income and curated borrowings into a transaction-intense portfolio of high-priority goods and services, and business spends.

“The research into core transaction value and the identification of 247 million entrepreneurial households reveals a vibrant economic segment poised for transformative growth,” said Jyotsna Krishnan, Managing Partner at Elevar Equity and Co-founder of Enmasse.

The report also showed that brands focusing on entrepreneurial households have showcased attractive returns on capital employed (ROCE), which is comparable with the Nifty50 in FY23.

“The $8.8 trillion core transaction value we uncovered is not just a number; it’s a testament to the untapped potential and vibrant economic activity of these households,” said Madhur Singal, Managing Partner and CEO at Praxis Global Alliance.
IANS

Govt assures green energy sector of support under PLI scheme

New Delhi: Minister of State for New and Renewable Energy (MNRE), Shripad Yesso Naik on Thursday held discussions with industry representatives on the production-linked incentive (PLI) scheme and other incentives...

ITC Hotels achieves major milestone as Brand Welcomhotel grows with 25 properties pan India

New Delhi: ITC Hotels, India’s leading hospitality chain, has achieved a significant milestone in its growth trajectory as it announced the opening of its 25th property under the distinguished Brand...

RBI tightens rules for domestic money transfers

Mumbai: The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. In a circular...

Sensex closes lower, midcap and smallcap outshine largecap stocks

Mumbai: Indian equity indices closed in the red on Wednesday following profit booking in largecap stocks. At closing, Sensex was down 280 points or 0.35 per cent, at 80,148 and...

9 priorities of Union Budget: FM unveils road map for ‘Viksit Bharat’

New Delhi: Finance Minister Nirmala Sitharaman, presenting her seventh-consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all. She also said that...

Sensex recovers after robust budget, Titan and ITC top gainers

Mumbai: Indian equity indices made a smart recovery from the day's lows and closed flat on Tuesday, following robust budget announcements. At closing, Sensex was down 73 points or 0.09...

Economic Survey lists six key growth areas for ‘Amrit Kaal’

New Delhi: After a fruitful decade of reforms, the government’s focus must turn to bottom-up reform and the strengthening of the plumbing of governance so that the structural reforms of...

Sensex ends lower ahead of Union Budget 2024-25

Mumbai: Indian equity indices closed in red on Monday following profit booking before the Union Budget 2024-25 which will be presented in the Parliament on Tuesday. At close, Sensex was...

India’s GDP growth for FY25 to surpass Economic Survey’s forecast: CII

New Delhi: The Economic Survey 2023-2024 is positive about the India growth story, and India's GDP growth for FY25 will surpass the forecast and has the potential to reach 8...

Market Outlook: Budget, Q1 results & FII inflows key factors for upcoming week

Mumbai: India equity indices witnessed volatility in the last week. At the start of the week, indices experienced buying but in the last session profit booking was seen in the...

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

New Delhi: As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics...

Study shows how cancer cells evade drug treatments

New Delhi: US researchers have found during a study how cancer cells manage to evade despite treatment. Published in the Proceedings of the National Academy of Sciences, the study delves...

Read Previous

Haryana Police fire tear gas shells to disperse protesting farmers

Read Next

YouTube brings new channel pages for creators on its TV app

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com