India ranked 26th in economic impact created by e-commerce entrepreneurs: Shopify Entrepreneurship Index

Ease of doing business for MSMEs: The economic impact on India by its entrepreneurs — part of the e-commerce platform Shopify — has put the country in the 26th spot on the Shopify Entrepreneurship Index involving 40 countries. The index, topped by the US, Lithuania and Romania, released last week was undertaken by Shopify along with Deloitte to calculate the GDP impact, business activity impact, jobs supported, and exports generated by millions of entrepreneurs on Shopify in 2022.

To rank countries, the impact calculated was compared to “national values for each country and state” using public data from the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD), the International Labour Organization (ILO),