HSBC Survey shows Indian SMEs showing high confidence level
SMEs in India are among the most confident in the emerging markets. Indian Small and Medium Enterprises (SMEs) are showing a high level of business confidence than their peers in other emerging markets, As per HSBC Emerging Markets Small Business Confidence Monitor survey. Survey says in India, 75 per cent of the SMEs covered under the survey, plan to maintain the same level (of hirings) as last year, while 22 per cent plan to increase staff and 2 per cent plan to cut staff. There are very few SMEs who plan to cut down on capital expenditure.
The survey conducted on over 3,400 SMEs in 12 emerging markets from Asia, Latin America and the Middle-East also found that a majority of SMEs are planning to maintain their capital expenditure plans, while some have plans to increase them further.