SMEs expect high growth rate in current year: Survey

Financial Express,

Despite the present gloom in the economy, SMEs expect a high growth rate in the current financial year. In IndiaMART.com’s latest SME Sentiment Survey, 66% SMEs predict improved business conditions in the coming quarter. Business confidence amongst SMEs remains high as almost 21% respondents had given a rating of 7.3 on a scale of 10. Dinesh Agarwal, founder & CEO, IndiaMART.com, said, “SMEs seem to have a positive outlook for this year.” The survey results show most SMEs (38%) have had a growth under 5% in FY14. A whopping 82% participants said their input costs had escalated last year. Over 50% reported a growth expectation of more than 20% in FY15