SIDBI MSME Outlook Survey Reveals Strong Business Confidence and Growth Projections
New Delhi: The SIDBI MSME Outlook Survey by the Small Industries Development Bank of India (SIDBI) indicates a positive business outlook among micro, small, and medium enterprises (MSMEs) across manufacturing, trading, and services sectors.
The Manufacturing Business Confidence Index (M-BCI) recorded 60.33, while the Services M-BCI stood at 59.67. The MSME Business Expectations Index (M-BEI) forecasts sustained optimism for the next four quarters, with overall indices exceeding 60 and manufacturing surpassing 70.
Key factors driving confidence include growth in sales, profitability, skilled workforce availability, and better financial access. While manufacturers anticipate rising input costs, nearly half of MSMEs expect profitability to improve due to increased production and higher selling prices.
Employment and Workforce Trends
Employment remained stable in the last quarter, with 30-40% of MSMEs planning to expand their workforce in the next quarter. Hiring sentiment is strongest in manufacturing and moderate in trading.
Though some MSMEs reported concerns about skilled labor availability, many expect improvements in the coming year.
Digital Adoption, Sustainability, and Business Infrastructure
A steady rise in digital adoption for sales and marketing, along with growing investments in environmental protection and new technologies, marks a key trend.
Over 70% of businesses expressed satisfaction with infrastructure access, electricity supply, and regulatory efficiency, while 15% noted improvements in these areas. Many expect further advancements in the coming year.
SIDBI’s Commitment to MSME Growth
SIDBI Chairman and Managing Director Manoj Mittal reaffirmed MSMEs’ role as the backbone of the Indian economy, highlighting SIDBI’s commitment to financial and non-financial support for the sector.
The survey reflects strong business confidence, reinforcing MSMEs’ contribution to India’s economic growth.
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