MSMEs continue to show resilience amidst moderating optimism

Mumbai, October 27, 2025: The Small Industries Development Bank of India (SIDBI) has released the fourth edition of its “MSME Outlook Survey,” a quarterly publication that provides key insights into the business sentiment among Indian Micro, Small, and Medium Enterprises (MSMEs). This comprehensive pan-India survey captures the perspectives of MSMEs operating across manufacturing, services, and trading sectors and aims to bridge critical data gaps through a lead as well as a lag indicator — the MSME Business Expectations Index (M-BEI) and MSME Business Conditions Index (M-BCI).

These indices, which range from 0 to 100, reflect MSME sentiment, with values above 50 indicating a positive outlook. The M-BCI and M-BEI are derived f

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