SME Times News Bureau | 23 Feb, 2021
A majority of the small and medium enterprises (SME) in the
country plan to expand their businesses going ahead as the economy revives,
showed the SME Leasing & Business Sentiment Survey by 360 Realtors'
commercial division.
In a statement, 360 Realtors noted that business activities are reviving amid
increasing confidence in the overall economic outlook of India with the growth
trajectory of the country expected to be in the range of 8-10 per cent in FY
22.
"Echoing this sentiment, a whopping 69 per cent of the respondents in the
survey have demonstrated their plans to expand their business. As the economy
is expected to expand, there will be significant growth in demand and
consumption which is egging on industry players," it said.
Around 49 per cent of the respondents have said that they will launch new
verticals, whereas slightly over 12 per cent have suggested functional team
reallocation.
The respondents are spread across numerous cities in India including Delhi-NCR,
Kolkata, the MMR, Bengaluru, Hyderabad, Chennai, among other.
"Although the pandemic has impacted the momentum of growth in the SME
sector, the post-Covid era will see the emergence of new opportunities and
business proliferation driven by a consistent restoration of business
activities," said Ankit Kansal, Founder & MD, 360 Realtors.
Kansal said that as a healthy moderation to the economy is taking place, Indian
SMEs are coming back to action besides new opportunities unlocking in numerous
upcoming segments.
"This will also fuel demand for new office spaces and boost overall
leasing activities in the country," he added.