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Large global firms can help transform India

While trying to understand how MSMEs can grow fast and create jobs – India’s foremost economic challenge we came across a remarkable example. Mr Jain, owner of an apparel firm from Mumbai turned a modest Rs 15 crore operation into a Rs 250-crore powerhouse in less than eight years.

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India has gained the distinction of being the most populous country in the world. According to the Economic Survey 2018-19, India’s demographic dividend is expected to peak around 2041, when the share of the working-age population (20-59 years) is projected to reach 59 per cent.