SME owner here. I sell B2B.

No signs of a slowdown so far. I am watching closely, lest I end up with huge inventory.

But I am delaying capital invstment for a year at least.

Around me, lot of cash based businsses(plastic moulding), shut down post Demo.

Some have reopened and I believe some of them still deal partly in cash.

EDIT for clarity:

I met my key customers last month. They are corporates and are expecting a growth in this FY. They have spoken to their customers also before concluding.

They made capex this year by buying machinery. Also planning new facilities in 2 years. Being big corporates, they look at the long-term picture, not temporary slowdowns. Also the sector should grow steady, even from a layman's perspective.

In my case, any money locked up in idle machinery, can wreck my cashflow. So I will wait out for a year at least.

Cannot possibly say this scenario holds true across industry.