Small Enterprises Bullish About Growth

New Delhi: Despite hardening of interest rates and the apprizing rupee in the last few months, a majority of micro, small and medium enterprises (MSMEs) are optimistic about the business scenario. Sixty per cent of the survey respondents were optimistic about the general business scenario, 33 per cent hoped the business situation to remain the same, while only 7 per cent of the respondents felt a downtrend in the general business scenario in comparison with the previous year. Sixty-nine per cent of the respondents hoped more than 10 per cent growth in their production and 21 per cent of respondents hoped production for the company to be between 5 and 10 per cent. The survey also indicated that 71 per cent of the respondents envisaged an increase in employment by their company as against only 2 per cent respondents anticipated decline in employment, while 27 per cent respondents hoped a status quo as regard the employment in their company.