India, a land of vibrant culture and entrepreneurial spirit, thrives on the ingenuity and resourcefulness of its people. Amidst the bustling streets and urban landscapes, there lies a significant yet often overlooked segment of the economy – home-based enterprises. These businesses, operated from the comfort of one's home or nearby premises, constitute a crucial component of India's economic fabric, contributing to employment, productivity, and overall economic growth. 1. Evolution of Home-Based Workforce Over the past few decades, the landscape of home-based enterprises in India has witnessed both growth and flux. According to data sourced from the National Sample Survey, the number of home-based workers stood at approximately 47.14 million in 2004-05. This figure saw a modest increase to 49.20 million by 2011-12. However, a noticeable decline was observed in 2017-18, with the estimated count dropping to 41.85 million. Despite this fluctuation, home-based work consis
India's tech market has undergone significant transformations in recent years, solidifying its position as a global technology powerhouse. With a vast pool of tech talent, a rapidly growing digital user base, and government initiatives promoting innovation, India's tech sector has been on an exciting journey. In 2023, let's take a closer look at the various aspects that make the Indian tech market vibrant and dynamic. In all, we estimate that India’s newly digitizing sectors have the potential to create sizable economic value by 2025: from $130 billion to $170 billion in financial services, including digital payments; $50 billion to $65 billion in agriculture; $25 billion to $35 billion each in retail and e-commerce, logistics and transportation; and $10 billion in energy and healthcare. 1. The IT Services Powerhouse Continues to Shine India's IT services sector remains a dominant force in the global market. Companies like Tata Consultancy Services (TCS), Infosys,