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Last updated: 18 Sep, 2025  
 Editorials
indo-nepal.jpg Indo-Nepal trade: Let's Wait for the Dust to Settle
Bikky Khosla | 18 Sep, 2025
Last week, we all witnessed the political turmoil in Nepal. In just three years, South-Asia has witnessed three people-rising movements. In my view, political instability and overthrowing of elected governments can be pernicious for democracy and sets dangerous precedents. In Nepal, the change in the government is not merely a domestic issue, it is set to have some ramifications on the trade between neighbouring countries, majorly India, its closest trading partner.  
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gst-edit.jpg GST announcements - Not just Reforms, a Lifeline for MSMEs
Bikky Khosla | 04 Sep, 2025
I will not lie! But I was expecting something of this sort to be announced after Trump’s recent tariff bomb. But yesterday’s new GST slabs exceeded all my expectations. And it’s no surprise that as I write this editorial the equity market which opened sharply higher today are still faring in green. But then what does it mean to our MSMEs?  
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gst3.jpg GST Reform: A Lifeline for MSMEs
Bikky Khosla | 21 Aug, 2025
Days after the US announced the irrational 50 percent tariffs on imports from India, the government’s latest GST rationalisation exercise is without doubt a rare opportunity for our small businesses to breathe easier. They have long struggled with a tax regime that is complex, fragmented and capital-draining, and add to it the weight of Trump’s added tariffs. 
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tt3.jpeg Trump’s tariff tantrums have a silver lining!
Bikky Khosla | 07 Aug, 2025
Less than 24 hours of announcing 25% tariffs on India, Donald Trump announced an additional tariff of 25% on Indian imports to the US. 
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45day.jpg 45-Day Payment Rule: Empowering or Eroding MSMEs?
Bikky Khosla | 24 Jul, 2025
It pleases me to know that despite all the challenges faced by our MSMEs they have created over 340 million jobs in the last decade. They struggle with accessing credit, registration hurdles, delayed payments, government benefits, and navigating the complicated formalization process. Nevertheless they rose above all hurdles to reiterate the fact that they still remain the backbone of our country’s economy.  
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tt.jpg The trade war we didn’t start, but may still pay for it
Bikky Khosla | 10 Jul, 2025
I’m watching, like millions of small exporters across the nation, as US President Donald Trump roars back onto the global stage. However this time not with diplomacy, but rather with a sledgehammer of tariffs 
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imsme.jpeg Beyond Celebration: Time to Empower our MSMEs
Bikky Khosla | 27 Jun, 2025
On the occasion of International MSMEs Day, I would like to take the opportunity to salute the unwavering spirit, adaptability, and determination of our small businesses that continue to drive innovation and growth. Here is to your strength and perseverance. 
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geopolitics.jpg The Ripple Effect: Global Geopolitics and Indian MSMEs
Bikky Khosla | 19 Jun, 2025
For someone closely tracking India’s small business ecosystem, I have never seen global headwinds align with such relentless force. The ongoing Iran-Israel conflict, uncertainty over US trade tariffs and the growing diplomatic ambiguity between India, Pakistan, and Washington are all converging into a perfect storm - and Indian MSMEs appear to be caught right in its path.  
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