SIDBI MSME Outlook Survey: Q1 FY26 Confidence Rises to 63.75
Why in the news
The survey showed improving MSME sentiment in April-June 2025 (Q1 FY26).
| Indicator | Reading |
|---|---|
| M-BEI | 62.19 (July-September 2025); 67.88 (Q1 FY27) |
| Capacity use above normal | ~21% manufacturing, ~20% services (earlier 12-14%) |
| Finance access improved | 88% (earlier 79%) |
| Sales and profits up | Over 50% |
| Exporters hit by tariffs | 40% |
Key facts
- Index above 50 means positive sentiment.
- Manufacturing and trading led gains; services stable.
- Fewer MSMEs saw higher borrowing costs, an early sign of transmission of the 100 bps repo cut since February 2025.
About the survey
- Run by SIDBI; third edition; 1,200 MSMEs across manufacturing, services, trading.
Exam angle
- Indices: M-BCI and M-BEI.