71% of MSMEs are optimistic about business growth in the next six months

The first six months of 2022 have been a transition phase to the pre-pandemic way of operating businesses for the MSMEs in the country. As per Khatabook’s 2022 Mid-Year MSME Business Sentiment Survey results, unveiled today, 71 per cent of MSME businesses are highly optimistic about the growth in the next six months of 2022, and only 5 per cent expect a dip in this time frame. The survey studies data of 7295 MSMEs across every state and various business categories in the country.

 “Major transitions and shifts in the business environment have become frequent.The 6-monthly MSME business sentiment survey series has been extremely useful in monitoring the changes in sentiments and actual business performance of MSMEs"said Ravish Naresh,CEO OF Khatabook.

The given image illustrates the Sentiments of MSME entrepreneurs across India 

41 per cent of MSMEs had reported improvement in the actual business in the second half of 2021, while 58 per cent of MSMEs confirmed actual business improvement in 2022. The business improvement in 2022 is in line with the high optimism score for business improvement.These figures indicate a positive development when it comes to the MSME sector's Post-Covid revival.

Source : https://smefutures.com/71-of-msmes-are-optimistic-about-business-growth-in-the-next-six-months/