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ARTICLE · 26 JULY 2023

Regulatory Framework Of The Trade Receivables Discounting System (TReDS) Platform

Stratage Law
Stratage Law
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Stratage Law

Stratage Law

Stratage Law Partners was incorporated in mid-August 2020. The firm is a specialized, solution-...

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The International Monetary Fund has predicted that India together with China will account for half of the global growth in 20231.

IndiaGovernment, Public Sector
Shyam Pandya
Shyam Pandya
Meha Patel
Meha Patel
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The International Monetary Fund has predicted that India together with China will account for half of the global growth in 20231. On a similar note, India's central bank, the Reserve Bank of India ("RBI") predicted that ".... India will be a US$ 3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world."2 These assessments are important to indicate the role of all the constituents which contribute to the growth of the Indian economy. In particular, the micro-small-medium enterprises have contributed in a significant way to the growth of the Indian economy- by approximately 26.83%3.

The micro-small-medium enterprises- widely referred to as "MSMEs"- consists of the following enterprises:

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