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Friday, June 19, 2026

SMEDesk

GST Slashed on Food, Logistics to Boost MSMEs

The Indian government has rolled out a set of GST reforms targeted at the food processing and logistics industries, aiming to make food products more affordable for consumers while easing compliance for businesses. By reducing tax rates on essential items,...

Manufacturing to Power India’s $35T Vision

The Indian government has reaffirmed that manufacturing will be the key engine propelling the country towards its long-term target of becoming a $35 trillion economy by 2047. With global supply chains undergoing realignment and domestic reforms gathering pace, policymakers...

DPIIT Maps HSN Codes Across Ministries

In a move aimed at simplifying India's trade and regulatory ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched a comprehensive HSN Code Guidebook, assigning over 12,000 Harmonised System of Nomenclature (HSN) codes to 31...

ITeS MSME Growth to Slow to 7–9% in FY26

India’s information technology-enabled services (ITeS) sector — particularly its vibrant MSME segment — is expected to see slower revenue growth of 7–9% in FY26, compared to 11% in FY25, according to industry estimates. This moderation is largely attributed to global...

WTO: AI to Boost Trade 40% by 2040

The World Trade Organization (WTO), in its newly released World Trade Report 2025, forecasts that Artificial Intelligence (AI) could lead to a 40% jump in global trade by 2040 — opening massive opportunities for MSMEs in emerging economies like...

Govt Eases GST Sticker Rule for Old Stocks

In a move welcomed by manufacturers and retailers, the Ministry of Consumer Affairs has clarified that revised GST price stickers are not mandatory on unsold goods manufactured before September 22, 2025. The decision, issued via notification on September 18, is...

PHDCCI Flags AI’s Role in Retail Consumer Safety

The PHD Chamber of Commerce and Industry (PHDCCI) convened a high-level conference to explore how Artificial Intelligence (AI) can be leveraged to combat frauds and counterfeiting in India’s booming retail and e-commerce sectors. Held with support from the Department of...

MSME Ministry Kicks Off Special Campaign 5.0

The Ministry of Micro, Small & Medium Enterprises (MSME) has begun preparations for its participation in the Special Campaign 5.0 — a nationwide government initiative aimed at institutionalising cleanliness, improving record management, and minimising pendency in public-facing offices. Scheduled for...

BHARATI to Back 100 Agri-Food Startups

In a strategic move to boost India’s agri-food innovation and global trade, the Agricultural and Processed Food Products Export Development Authority (APEDA) has launched BHARATI — an initiative aimed at empowering 100 agri-food startups with incubation support, export readiness,...

MSMEs Get Relief on QCOs, Certification Reforms

To address industry concerns over the implementation of Quality Control Orders (QCOs), the Department of Consumer Affairs (DoCA) and the Bureau of Indian Standards (BIS) have announced enhanced outreach and consultation initiatives targeted at MSMEs. With QCOs becoming mandatory under...

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