CPA Australia Survey Highlights Strong Growth and Optimism in India’s Small Business Sector
Varahi media.com online news, New Delhi, 6 May 2025:India’s small business sector continues to surge ahead, emerging as one of the most confident and dynamic in the Asia-Pacific region,
Varahi media.com online news, New Delhi, 6 May 2025:India’s small business sector continues to surge ahead, emerging as one of the most confident and dynamic in the Asia-Pacific region, according to CPA Australia’s 16th annual Asia-Pacific Small Business Survey.
The survey reveals that 78% of Indian small businesses recorded growth in 2024, reflecting a robust post-pandemic recovery. An impressive 86% expect further growth in 2025, underpinned by a strong digital push, innovation, and supportive government initiatives.
ఇది కూడా చదవండి…విజయవాడలో అప్రిలియా టువోనో 457 విడుదల..
ఇది కూడా చదవండి… విజయవాడలో అల్ట్రా-మోడరన్ లాజిస్టిక్స్ పార్క్ను ప్రారంభించిన సేఫెక్స్ప్రెస్..
Export momentum is another key highlight, with 64% of respondents anticipating an increase in overseas sales, outpacing most regional peers. According to Mr. Prafulla Chhajed, a CPA with over 30 years of experience, this optimism is being driven by “a vibrant business environment, rapid digital transformation, and growing global demand for Indian products.”
Despite rising operational costs—cited as the top challenge by 40% of respondents—access to finance remains relatively strong. In 2024, 43% of businesses that sought funding said it was easy to secure, and this trend is expected to continue.
The government’s recent revision of MSME classification criteria (effective from April 2025) is set to widen access to concessional and collateral-free loans, offering small enterprises better financial opportunities and policy support.
India’s small businesses also led the region in job creation, with 46% expanding their workforce in 2024, and 64% planning to hire in 2025, the highest among the 11 surveyed markets. Notably, younger entrepreneurs under 40 are emerging as key drivers of innovation and employment.
In terms of technology, AI emerged as the top investment focus, with 78% of small businesses planning to introduce new products, services, or processes in 2025. The sector is rapidly embracing innovation, leveraging digital platforms, and tapping into government schemes like Startup India and Stand-Up India.
Mr. Chhajed emphasizes that while opportunities are growing, entrepreneurs—especially new ones—should seek expert financial guidance to manage cash flow and navigate challenges.
The survey gathered insights from 4,236 small businesses across 11 Asia-Pacific economies, including 507 from India, between November and December 2024.
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