SMEs upbeat about growth:HSBC

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.

“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,” HSBC India’s Head of SME Business,Dheeraj Dikshit,said.