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Under-Skilled and Outdated: Why India Could Lose Out on Nearly $1 Trillion in GDP if it Fails to Upskill its SMEs
Small and medium-sized enterprises (SMEs) account for around $700 billion – roughly 27% – of India’s $2.6 trillion gross domestic product. But impressive as those numbers sound, Samir Sathe at Wadhwani Foundation points out that they're nowhere near the 40% of GDP that policymakers hope SMEs will generate in the coming years. He explains why India could lose out on around $0.75 trillion in SME contributions to GDP by 2027 if it fails to prioritize and fund skill development efforts, and discusses what the public and private sectors can do to train entrepreneurs more effectively.
- Categories
- Education
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Pera Hub Teams up With Brankas To Introduce Digital Remittance Platform in Southeast Asia
The platform based in the Philippines will aim to offer tech services to an array of companies and businesses online remittance services.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Analysis: COVID Pandemic Dampens Africa’s Economic Growth
The Africa Continental Free Trade Area Agreement, intended to lower tariffs and boost economies, has yet to be fully implemented because of restrictions stemming from the COVID-19 pandemic.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
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India’s Largest Renewable Energy Producer Is Now a $4.5 Billion Company Listed on Nasdaq
Indian renewable energy company ReNew Power, among the country’s leading solar and wind energy producers, made it to the US exchange.
- Categories
- Energy
- Region
- Asia Pacific
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HEVA Fund, British Council Launch US $5.3 Million Grant Facility To Support Creative and Cultural Industries in 14 East African Nations
HEVA Fund LLP and the British Council have established a grant facility, Ignite Culture, for the support of creative and cultural industries.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Improving the Outcomes-Readiness of Implementors – A Key Step Towards Scaling Results-Based Financing
With less than a decade left to achieve the Sustainable Development Goals, the development financing gap has widened. According to Gagandeep Nanda at Dalberg and Dhun Davar and Sietse Wouters at UBS Optimus Foundation, results-based financing can provide a solution. But though organizations have high interest in participating in results-based financing, many are not ready to take on funding that is tied to outcomes instead of inputs and activities. They share five characteristics of effective outcomes-ready implementing organizations, and five ways these groups can be set up for success.
- Categories
- Impact Assessment, Investing
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Babban Gona, Nigeria’s Social Enterprise Firm Gets $5 Million IFAD Loan
The loan will help Babban Gona support 377,000 small-scale rice and maize producers in Nigeria with a comprehensive package of training, quality inputs, and marketing services.
- Categories
- Agriculture, Social Enterprise
- Region
- Sub-Saharan Africa
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Analysis: A Kenyan Home of One’s Own
A mortgage remains a rare and frightening prospect for most Kenyan families, even many wealthier ones, due to the long-term financial implications it poses
- Categories
- Finance
- Region
- Sub-Saharan Africa
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