Mumbai, Feb 21 (IANS) 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 Elever 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
na/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
