Indian SMEs most optimistic about economical growth: survey

Mumbai, June 21 (UNI) Nearly 80 per cent of Small and Medium Enterprises (SMEs) in India forsee a boom in national economy in next six months but 64 per cent plans zero investment in their business, says a study conducted by HSBC.

Executed among 1,800 small and medium-sized enterprises across nine countries, the study says Indonesian SMEs are the most optimistic investors to expand their small scale operations.

In recruiting workers, according to the survey, Chinese SMEs are most optimistic in increasing their headcounts, followed by Indonesia, India and Singapore.

On the other side, nearly 54 per cent of the Indian SMEs do not plan to change their headcount in current year, while 22 per cent plan to increase it by 10 per cent.

The survey, which was conducted in nine countries including Hong Kong, mainland China, Taiwan, Singapore, India, Korea, Malaysia, Indonesia and Australia, covered 200 Indian SMEs.

''There is so much optimism vivid among the Indian SMEs. These businesses are the engine of the regional and global economy,'' said Puneet Chaddha, Head (Commercial Banking) of HSBC India.

UNI