Finance minister Arun Jaitley recently launched CriSidEx, India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL and SIDBI.
CriSidEx is a composite index based on a diffusion index of 8 parameters, and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive). The parametric feedback was captured through a survey of 1,100 MSEs in November-December.
The first reading of CriSidEx stood at 107, indicating mildly positive sentiment during October-December (or the ‘survey quarter’). For January-March 2018 (or the ‘next quarter’), the sentiment is expected to be more positive.