Posts Tagged Economy
Rise of GDP Share by Indian MSMEs According to ASSOCHAM
Posted by MND in Small Business on February 15, 2011
A study by ASSOCHAM revealed that there would be a rise in GDP share by Indian MSMEs including agriculture contribution by a minimum of 5 percent by 2011. It estimated to contribute to about 55% GDP share of India’s GDP by 2011. According to the report, technological upgrading was observed in 55 percent of MSMEs for reducing input costs and increasing production and exports.
Centre, state… Continue reading
Impact of Recession on Automobile Industry
Economic recession redefined the modern economy of many countries including the United States. Its main features included steep payroll decline, sharp contraction with the labor market, dropping of average earnings per hour and so on. The effect of recession has been easily recognized within the automobile industry. The United States, which is the world’s largest producer and consumer of automobiles accounts to mostly 6.6 million direct and in-direct… Continue reading
Microloans Helps Some Small Businesses to Survive
Posted by MND in Small Business on November 25, 2010
Many small businesses were caught in the worst economic crisis since the Great Depression. Many of them had to struggle to find capital last year. All the small businesses which wanted to borrow money to expand or modernize their business could not find credit or any lenders. Many of them were facing a status quo. Many other businesses were also facing sharp drops in revenue and they also… Continue reading
Overall View of Small Business Fund Bill
Posted by MND in Small Business on October 13, 2010
There is an expectation by small businesses that the government is going to create as much as $300 billion credits for them. Bankers are doubting whether there is any need of new loans or whether all the loan amount would be repaid.
A bill was by House in the month of June which is awaiting Senate’s approval. They are concerned that it might be another bank… Continue reading
SME IT Spending Dropped As a Result of Recession
Posted by MND in Small Business on October 12, 2010
There is a lot of impact on SME’s IT spending and it is not expected to react the 2008 levels till next year. According to the research from IDC, there is an expectation of growth in IT spending by about 5.5 percent in the next 4 years to reach an annual of $629.3 billion by 2014. According to market watcher, the growth is considerably less than previous prediction.… Continue reading
Americans Expect Small Businesses Will Lead to a Better Future
Posted by MND in Small Business on October 12, 2010
Around 98 percent of all American firms have less than 100 employees and about 90 percent of all firms in the United States have less than 20 employees which contribute to 97 percent new jobs in United States, as per the latest statistics from US Census Bureau.
Many of the Americans are having a lot of faith in small business owners, entrepreneurs and science and technology… Continue reading
Executives Reticent to Employ: US Chamber of Commerce
Posted by MND in Small Business on October 5, 2010
The small to medium-sized business executives in US are remaining reticent to employ and there is a drop in their expectation about the rate of US growth, according to a survey by US Chamber of Commerce.
The executives are still planning to decrease layoffs, the following year, as per the coordinators of the Vistage CEO Confidence Index.
- From the last survey
Reasons for Drop in Lending by Banks
Posted by MND in Small Business on October 1, 2010
The lending to the small business has drastically decreased by $40 billion since the second quarter of 2008. In the first quarter of 2010, the lending was about $670 billion where as it was $710 in the year 2008.
A survey by the Barlow Research Associates Inc., conducted last year, found that there are few reasons because of which small business owners are facing problems in… Continue reading
SMB Online Ad spending Grew Up 160 Percent From Q2 2009
Posted by MND in Small Business on September 3, 2010
According to a new study conducted by WebVisible which is an Irvine-based online marketing firm, 159% or more was spent by small businesses on
Internet advertising in the second quarter when compared to the same time last year.
According to figures from WebVisible quarterly report, $2,231 was spent by average small business advertisers. They spent on search… Continue reading
Performance of Indian Exports
Exporting is one of the major components of international trade. Indian exports sector is one of the worst hit segments due to the impact of global slowdown.
The table below shows how the Indian exports perfomed from the year 2006 to 2009
Year
Exports (US $ million)
YOY Growth
2006
1,18,400
N/A
2007
1,47,034
24.18%… Continue reading