Indian SMEs more bullish on growth prospects than firms in China: Study

American Express survey finds 76% of SMEs see revenue growth in 2017

In spite of doubts over uncertain business rules following the goods and services tax (GST) rollout in July 1, small and medium enterprises (SMEs) are more bullish on growth prospects as compared to their global counterparts, according to a survey conducted by financial services giant American Express.

According to the American Express Global SME Pulse 2017, 71 per cent of the survyed SMEs in India expressed 'optimism in the economy'. Among other Asian countries included in the survey were China and Japan, where the percentage of firms having faith in the domestic economy stood at 54 per cent and 62