Despite a choppy global scene, India’s MSME confidence is on the rise, shows SIDBI’s latest survey. The October-December 2025 M-BCI hit 60.8, up year-on-year, anchored by strong domestic economics.
Improvements peaked in working capital and finance access, with sales and business sentiment also advancing on the back of firm demand and stability.
MSME exporters are proactive: 43% target RBI Trade Relief, 46% CGSE, 37% both—vital tools against external risks.
The survey’s fifth iteration analyzes current standings and horizons. Labor codes enable operational fortification and formalization, but compliance costs worry 34-36%. Calls for clear rules (16-21%) and awareness campaigns (17-19%) dominate feedback.
Manufacturing’s M-BCI rose to 64.1 from 62.9; services and trading eased. M-BEI forecasts 63.7 next quarter, 65.0 in a year, with manufacturing sales prospects brightest.
Optimism on working capital hit 46% in manufacturing (vs. 35%), finance 47%. Services improved mildly, trading saw working capital dip but finance lift.
Quarterly steadiness, manufacturing-led, signals enduring positivity for MSMEs.