Sidbi and ratings agency Crisil have entered into a memorandum of understanding to launch ‘CriSidEx’, a business sentiment index for MSMEs. The index will indicate the current state and expected outlook on the MSME sector every quarter. It is expected to provide crucial insights into employment, business environment and foreign trade. The two entities said data on MSMEs comes with a significant lag, so there is no way to regularly aggregate and assess the ground situation amongst wide range of disparate enterprises spread across India. Every quarter, the CriSidEx survey will cover over 1,000 MSMEs using a structured questionnaire to ensure consistency in methodology and capture information sans significant deviations. The sample will have representation based on size, geography and nature of business and across different legal entities. Apart from the government and MSMEs themselves, the survey and CriSidEx will provide intelligence and insights for regulators, trade bodies, lenders as well as economic and financial analysts.
