In a latest survey conducted by HSBC in Asia-Pacific Small Business Confidence Monitor, the small and medium enterprise (SME) sector in India is the third most optimistic in Asia after Bangladesh and Vietnam and 98% of small and medium enterprises (SMEs) are expecting to buck the trend while maintaining their headcounts or increase them.
Out of the universe across 3,000 SMEs in 10 Asian nations in October and November 2008, the outcome exhibits that SMEs in India, Bangladesh and Vietnam were the most optimistic while those of Singapore, Taiwan and Hong Kong were the most pessimistic.
Of the total, 47% of India’s small businesses intended to increase capital expenditure, and another 46% planned to maintain capital expenditure at the same levels.