India’s first sentiment index “CriSidEx” for micro and small enterprises launched

Arun Jaitely, the Union Finance Minister, has inaugurated India’s first sentiment index “CriSidEx” for micro and small enterprises in New Delhi. CriSidEx, which is developed jointly by SIDBI and CRISIL, is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a negative to positive scale.

This index will give the detail breakup of the sentiment sentiments and analysis as the sector sees it for the current quarter and for the next quarter. The current parametric feedback was captured through a survey of one thousand one hundred MSEs in November and December last year.