In India, 88% of small and medium-sized enterprises (SMEs) and 98% of middle-market enterprises (MMEs) surveyed by HSBC said the current economy is “very good” or “fairly good”. The outlook for the year is equally positive, with 88% of SMEs saying the economic situation would get even better, 12% saying it would stay the same and none saying it would worsen. For MMEs, the corresponding figures were 84%, 16% and 0%.

The Asia Pacific outlook for 2006 was the brightest of the three regions, with 30% of SMEs and 35% of MMEs regarding the current economy to be “very good” or “fairly good”. Forty-six per cent of SMEs and 41% of MMEs expected the situation to get even better by the end of the year.

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The survey also gauged the level of international trading among SMEs and MMEs. In Asia Pacific, the SMEs that trade internationally range from 37% in Korea to 71% in Singapore. The figures are even higher among MMEs, ranging from 41% in Indonesia to incidences above 80% in Malaysia, India, Singapore and Taiwan.