Industry & Economy
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SSI
93 pc of small units on expansion mode: CII survey
Our Bureau
New Delhi
,
Aug 21
NINETY three per cent of the 1,000 small and medium enterprises, surveyed by the Confederation of Indian Industry in its 19th Business Outlook Survey on business prospects, plan to authorise more capital investment compared to the previous year, which suggests that they may graduate either to the `medium' category or to the `large' category of the Indian industry.
While profit margins of as many as 69 per cent of the respondents registered an increase in the last six months, four per cent of the respondents registered no change and 27 per cent of the respondents registered a decline in their profit margins.
The survey has revealed a positive outlook for the future, with 79 per cent of the respondents expecting an increase in their profit margins and only 16 per cent of the respondents expecting the profit margins to further decline in the next six months. The remaining 5 per cent respondents expect their profit margins to remain the same.
The survey has brought to light that 62 per cent of the respondents are optimistic about the general business scenario, 28 per cent expect the business situation to remain the same with a continued trend for low to moderate demand, while only 10 per cent of the respondents feel that the business prospects have declined in comparison with the previous year.
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