Over 80% of India’s small businesses expect to scale down, shut shop, or sell off in six months

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The coronavirus outbreak has left India’s startups and small businesses jittery about their future.

As much as 61% startups and small & medium enterprises (SMEs) in the country are staring at the possibility of scaling down their business in the next six months. Only 13% are expecting their business to grow, according to a survey conducted between April 18 and 23 by LocalCircles, a community-led social media engagement platform.

Continue reading… “Over 80% of India’s small businesses expect to scale down, shut shop, or sell off in six months”

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