Back

🧮 Struggling with your accounting tool? Question: What’s the biggest issue with your accounting tool? #Accounting #FinTech #Automation

India's agricultural exports in 2022-2023 were $53.1 billion, which was 11.8% of the country's total merchandise exports.

Indian household debt has skyrocketed, reaching Rs 120 trillion in March 2024, a 56% increase since June 2021. This has pushed the debt-to-GDP ratio to 42.9%, raising concerns about consumer spending. With housing loans comprising 30% and vehicle

The average annual growth rate of India's manufacturing sector over the last decade is 5.2%. In 2022-23, the manufacturing sector grew by 4.7% and contributed 17% to the country's GDP.

The United States is the largest market for Indian furniture exports, accounting for over a third of the total furniture exports.

MSMEs contribute a sizeable portion to India's total exports, accounting for around 40% of export value.

When I look at India’s long-term growth drivers, urbanization stands out clearly. As people move to cities, demand doesn’t just increase. It multiplies. Housing drives cement and steel. Jobs pull in transport, power, banking, healthcare, and retail.

The packaging industry in India is the fifth largest sector in the country's economy and is growing at a compound annual growth rate (CAGR) of 22–25%.

India's online retail market is valued at $70 billion and is expected to grow to $325 billion by 2030. It makes up about 7% of the country's total retail market.

India's trucking industry has around 5.6 million vehicles on the road and is responsible for transporting 70% of the country's domestic freight. However, trucks make up only 2% of road vehicles by volume, but are responsible for more than 40% of road