Pandemic has impacted 82 percent of small businesses, according to new survey
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Last Updated: Apr 22, 2021, 06:26 PM IST
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The survey was conduced among over 250 companies, evenly split between the manufacturing and services industries, having a turnover of Rs 100-250 crore yearly.
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Over three-fourths of small businesses in the country have shown an adverse impact on their health during the COVID-19 pandemic, with those in the manufacturing sector reporting more troubles, according to a survey. The survey, conducted by data firm Dun & Bradstreet has shown 82 per cent of businesses have experienced a negative impact during the pandemic year.
The government should prioritize executing infrastructure projects and frontload its spending during the first half of fiscal year starting April 1, to encourage private investment and support economic recovery, says a report. According to Dun & Bradstreet s latest Economy Observer, new private investment is also likely to remain constrained in the near term given that revival of both domestic and external demand remains uncertain. The government should prioritize executing the infrastructure projects and frontload its spending during H1 of FY22 to encourage private investment. This along with the increase in hiring of employees by firms would support the recovery of demand, said Arun Singh, Global Chief Economist, Dun & Bradstreet.
Business optimism for Jan-Mar quarter turns positive: D&B survey
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Last Updated: Feb 16, 2021, 06:22 PM IST
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Business optimism has turned positive on a year-on-year basis for the ongoing quarter after witnessing negative growth throughout 2020, amid rising consumer demand, higher businesses transactions and normalisation of supply disruptions.
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Business optimism has turned positive on a year-on-year basis for the ongoing quarter after witnessing negative growth throughout 2020, amid rising consumer demand, higher businesses transactions and normalisation of supply disruptions, according to a survey. The Dun & Bradstreet Composite Business Optimism Index stood at 79.9 for the first quarter of 2021, registering an increase of 26.8 per cent as compared to the year-ago quarter.