India Factoring Market is Expected to Grow Annually by 5.50% CAGR 2024-2032
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Factoring Market in India 2024: How Big is the India Factoring Industry? India factoring market is growing rapidly, driven by SMEs seeking better cash flow and financing solutions. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 5.50% during 2024-2032 . Report Attribute Key Statistics Base Year 2023 Forecast Years 2024-2032 Historical Years 2018-2023 Market Growth Rate (2024-2032) 5.50% India Factoring Market Trends and Drivers: The rising demand for working capital solutions among small as well as medium-sized enterprises is one of the factors responsible for the growth of the India factoring market. Additionally, as these businesses continue to expand, they often face challenges in managing cash flow due to delayed payments from clients. Besides this, the growing recognition of factoring as an effective financial tool is leading more SMEs to adopt it, particularly in sectors like manufacturing, retail, and services. Moreover,