Indian SME’s Shining Bright: Survey

Jul 18,2006 00:00 by Newsdesk
According to a latest report, it’s not just the big guns writing the new Indian growth story but entrepreneurs leading the small and medium enterprises (SME’s) are also contributing in good measure.

The second annual survey of UPS Asia Business Monitor on changing opinions, attitudes and habits of business leaders from SME’s in the Asia Pacific region has revealed that Indian firms are not only the most optimistic on their growth prospects, but also likely to expand employee strength and business to other parts of the globe.

The Survey also says that Indian SME’s would also be going on a hiring binge in the next one year. Over 71% of them claim they will recruit more people in the coming year, while only 1% say they will retrench.