Indian Businesses News

Granular data from the Goods and Services Tax Network (GSTN) provides valuable insights into business composition and tax contributions. This data reveals that a majority of GST-registered businesses are concentrated in a few states, with larger enterprises contributing significantly to sales invoices. While a small percentage of companies drive the majority of GST collections, micro, small, and medium enterprises (MSMEs) collectively play a substantial role in the economy. Intra-state movement of goods is higher than inter-state movement, as evidenced by e-way bill figures. Compliance levels have improved over time, with tax-return filing and GST collections steadily increasing, particularly post-pandemic. The coming festive months are expected to sustain healthy GST collections.

According to HSBC report, almost half (46%) of Indian businesses covered under a survey felt 'very strongly' impacted by the pandemic, yet more than half (54%) felt they were as well prepared as they possibly could be

Some Indian businesses are turning their annual reports into integrated reports. Here’s what it’s all about

A systems approach is necessary to improve the Ease of Doing Business, particularly to aid the small enterprises

India's domestic environment has to be stable with a road map of policy,market movements

In the absence of a dual-class share structure, raising outside equity would dilute the insider's ownership stake

Only 5% of adult population in India manages to establish their businesses, which means, their businesses survive for longer than 42 months

It is time for Indian business to abandon old practices, regardless of whether they have become a way of life, and embrace the era of a rules-based regime

The GST is not even six months old and PM Narendra Modi has already reviewed rates on over 200 goods and services

M&A heads and CFOs of leading Indian business houses discuss, at Mint Dealmakers Forum, how the macroeconomic environment in the country is impacting M&A strategies