Survey Shows Positive Growth and Employment Outlook for India's Small Business Sector

India's small business sector is one of the most dynamic and optimistic in the Asia-Pacific, according to the results of the 16th Asia-Pacific Small Business Survey conducted by one of the world's largest accounting bodies, CPA Australia.

- TBG NETWORK

The survey findings for India reveal 78 per cent of Indian small businesses grew last year, reflecting the country's strong post-pandemic recovery.

Prafulla Chhajed, a Certified Practicing Accountant with CPA Australia, who has more than 30 years of accounting and finance experience in India said: "This momentum has been driven by a vibrant business environment, a strong emphasis on innovation and rapid digital transformation."

Business confidence is high, with 86 per cent of respondents expecting their business to grow this year.

Another standout trend is the growing export focus of India's small businesses, with 64 per cent expecting an increase in overseas sales this year, higher than most of the surveyed markets.