Digital Economy

Through the outlook, CA forecasts a cautious optimism, amidst a "transitional economic phase."

Certificates of deposit, which reached a decadal peak of INR 4.9 trillion as of November, 2024, reflect this dynamic. While this figure surpasses the previous high of INR 4.5 trillion recorded in April 2011, the share of total deposits remains modest at around 2.5 per cent

Innovation has become a non-negotiable for MSMEs, especially as they face competition from both domestic giants and global players. India is today the world's fastest growing major economy, and one of the largest drivers of the country's economic progress have been MSMEs, particularly considering their outsized influence on exports and employment generation.

The dominance of tech giants presents both opportunities and challenges for MSMEs. While these platforms provide essential tools and global reach, their control over key digital infrastructures often creates significant barriers for smaller businesses.