MSEs are becoming more optimistic about their business prospects: Survey

Firms also appear to be optimistic about their prospects in Q4FY19

Micro and small enterprises (MSEs) are becoming more optimistic about their business prospects, shows the latest round of the CriSidEx survey.

The CriSidEx index rose to 128 in Q3FY19, the highest score since its inception. In comparison, the index was at 107 in Q3FY18.

The improvement in the index over the previous quarter was on account of an improvement “in the order book size and employee base for manufacturing MSEs and an increase in profit after tax margin and employee base for services MSEs,” states the report prepared by Crisil and Sidbi.
 

Firms in both manufacturing and services sector indicated an improvement,