India's entrepreneurial households set to drive economic surge with $8.8 trillion transaction value

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Key Points

A recent report revealed that India is home to around 247 million entrepreneurial households, poised to propel the nation's upcoming economic surge, generating a transaction value of $8.8 trillion in FY23...

A report by Praxis Global Alliance shows that these entrepreneurial households are expected to play a pivotal role in India's upcoming economic growth, with their CTV projected to see a 12.7 per cent year-on-year increase, reaching $95.2 trillion by FY43..

"The research into core transaction value and the identification of 247 million entrepreneurial households reveals a vibrant economic segment poised for transformative growth, said Jyotsna Krishnan, Managing Partner at Elevar Equity and Co-founder of Enmasse...

"The $8.8 trillion core transaction value we uncovered is not just a number; it's a testament to the untapped potential and vibrant economic activity of these households," said Madhur Singal, Managing Partner and CEO at Praxis Global Alliance...

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