According to survey findings, 71 percent respondents expect an increase in growth of exports for their company in $ terms, 27 % respondents expect that their export growth rate would decline while only 2 percent respondents have not responded to this question.
Out of these ( 71%), 26 % of the respondents expect export growth rate for their company to be between 0-10% in $ terms , 20 percent respondents expect the export growth rate between 10-20% and 25 percent of respondents expect export growth rate to be more than 20 % for their company.
As per CII Business Outlook Survey, 47 percent of respondents registered an increase in export orders over past six months, for 30 percent of respondents there was no change in export orders while 23 percent respondents reported a decline in their export orders over past six months.
Key limiting factors for the export orders over the next six months of the Micro, Small and Medium enterprises, as revealed by the survey are Exchange rates, International competitions and prices of raw material.
As regards the dismantling of Quantitative Restrictions(QRs), 12 percent of surveyed respondents feel that their company has been affected positively as regards their competitiveness with the dismantling of Quantitative Restrictions and majority i.e. for 82 percent of respondents, there was a status quo as regard of their competitiveness with the dismantling of Quantitative Restrictions while only a marginal 6 percent respondents felt a negative impact on their competitiveness with the dismantling of Quantitative Restrictions.
As per CII Business Outlook Survey, 32 percent of respondents have already considered trade/service marks protection for the product/Service/brand of their company,13 percent respondents have considered copy right for their product, 9 percent of surveyed respondents have considered Patent rights and 11 percent of respondents have already considered design related rights for the products of their company while 35 percent respondents have not responded to this question.
As regards the impact of the volatility in the foreign exchange markets, a majority around 71 percent respondents expect the negative impact while 29 % of respondents expect status quo as regard the recent Rupee appreciation (impact of volatility being witnessed in the foreign exchange markets) for the last few days.
In a bid to provide relief to exporters hit by rupee appreciation, the government is thinking of increasing the ceiling on Duty Entitlement Pass Book (DEPB) credit available to key segments.
As per CII Business Outlook Survey, 77 percent respondents support this increase in the ceiling on Duty Entitlement Pass Book ( DEPB) credit, while 23 percent of respondents do not support this increase.
Present and Potential Export Market for Indian MSMEs According to survey, top five regions for the exports by Indian MSME are Middle East Asia, Europe, Americas, Africa and South East Asia.
A majority ( 87%) surveyed respondents foresee that the South East Asia is the growing market for their exports,63% respondents expect Europe is the growing market for exports while 45 percent respondents expect America is the growing market for exports.
Confederation of Indian Industry
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