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New Delhi, July 8 Despite hardening of interest rates and the appreciating rupee in the last few months, a majority of micro, small and medium enterprises (MSMEs) are optimistic about the business scenario, according to a survey carried out by the Confederation of Indian Industry.

Sixty per cent of the survey respondents were optimistic about the general business scenario, 33 per cent expected the business situation to remain the same, while only 7 per cent of the respondents felt a downtrend in the general business scenario in comparison with the previous year.

Ninety per cent of the respondents planned to authorise more capital investment in comparison with the previous year. Sixty-nine per cent of the respondents expected more than 10 per cent growth in their production and 21 per cent of respondents expected production for the company to be between 5 and 10 per cent.

The survey also indicated that 71 per cent of the respondents envisaged an increase in employment by their company as against only 2 per cent respondents anticipated decline in employment, while 27 per cent respondents expected a status quo as regard the employment in their company.

The three important areas that would assume prime importance as regards the future plans would be capacity expansion, new market initiatives and modernisation, in order of priority, the survey says.

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