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

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.

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

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

India's Biggest Tax Contributors... Personal income tax is still India's biggest tax contributiors, accounts for more than 30% of total tax collections