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Recent reports provide an overview and estimation of the economic strength of industrial communities or EPIC opportunities. The EPIC opportunity is defined as the transformative power of entrepreneurial households (EH) to shape the future of India’s economy and drive the next generation of Indian entrepreneurship.
According to the report, India’s 247 million entrepreneurial households unlocked a new economic landscape, driving transaction volume to the tune of $8.8 trillion in FY23. According to the report, there are 247 million entrepreneurial households in India (as of FY23), with multiple sources of income and large volumes of trade.
These EHs will power India’s next economic wave. Below we list some of the key points from the report.
1. The core transaction value (CTV)TM market in FY2023 represents a $8.8 trillion market and is expected to grow at 12.7% year-over-year (CAGR) to $95.2 trillion by FY43.
2. Notably, companies servicing EH are building businesses of considerable size, achieving return on capital employed (ROCE) comparable to FY23 Nifty50.
3. 247 million households are characterized by multiple and diverse income sources. They transform these multiple sources of income and selective borrowings into a transaction-rich portfolio of prioritized goods, services, and business expenditures.
4. The report also estimated the economic vitality of entrepreneurial households based on overall trading volume rather than income or expenditures. A new metric, Core Transaction Value (CTV), reveals that a huge market poised for growth remains undercapitalized.
4. The report concludes that these entrepreneurial households will power India’s next economic wave, with a CTV of $8.8 trillion in FY23. This CTV is expected to grow at 12.7% year over year (CAGR) over the next 20 years to reach $952 trillion.
5. The report is based on 3,000 households in 100 districts across India.
6. The EPIC Opportunity report highlights a paradigm shift in the way households are approached as an element of India’s story. General his EH business expenses will increase at his CAGR of 12.6% and in FY 43 he is expected to reach $129,000. The report also shows that EH-focused brands exhibit attractive return on capital employed (ROCE) comparable to his Nifty50 in FY23.
Source: “Entrepreneurial Households: A Grand Multi-Trillion Dollar Opportunity” – Report for Enmasse by Praxis Global Alliance™
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