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Optimism about sales increased among MSMEs in manufacturing (62 per cent) and trading (60 per cent) in Q1 FY26
3 min read Last Updated : Aug 08 2025 | 12:09 PM IST
Small and medium businesses in the country are optimistic about the first quarter of FY26 (Q1 FY26) and those in the services sector do not see US tariff hikes on India affecting them, says a survey that was conducted before President Donald Trump cracked down on Indian goods.
A smaller share of manufacturing companies said the same about the tariffs, according to the third MSME Outlook Survey for April-June 2025 conducted by Small Industries Development Bank of India (SIDBI). The survey had 1,200 micro, small and medium enterprises (MSMEs) as respondents and is based on the MSME Business Confidence Index.