1 min read
Journalism of Courage
Premium
This is an archive article published on August 5, 2010
SMEs upbeat about growth:HSBC
Most small and medium-sized enterprises in the country expect the economic growth momentum...
With Finance Minister Pranab Mukherjee sticking to his forecast of 8.5 per cent growth this fiscal,most small and medium-sized enterprises SMEs in the country expect the economic growth momentum to continue at the same pace,revealed a HSBC survey.
8220;Around 69 per cent SMEs expect the economic growth to continue at the same pace,while 27 per cent expect the economic growth to increase in the next six months8221;,it read.
Around 65 per cent SMEs expect to maintain their capex plans,while 31 per cent plan to increase their capital expenditure plans in the next six-months,the survey said.
Around 80 per cent SMEs plan to maintain their recruitment levels,while 18 per cent plan to recruit more in the next six-months,it said.
8220;Our research indicates confidence levels in the emerging markets are stable. SMEs in India are not changing their business strategy in the next six-months despite the global uncertainty. This bodes well for the Indian economy,8221; HSBC India8217;s Head of SME Business,Dheeraj Dikshit,said.
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
- 01
- 02
- 03
- 04
- 05
Advertisement