SIDBI’s eighth MSME Outlook Survey released on 30 October 2026 shows the overall Business Confidence Index (M‑BCI) climbing to 60.4, up from 59.3 in the previous quarter, underscoring a resilient spirit in the sector.
Nearly half of the 3,200 enterprises surveyed—49%—reported better conditions, 33% saw no change, and 18% noted a decline, indicating a cautiously optimistic mood despite rising input costs.
Manufacturing, the strongest performer, lifted its M‑BCI to 61.0 from 59.5, with 43% of firms reporting positive sales growth and a drop in pessimistic responses to 27%. The sector’s Business Expectations Index (M‑BEI) stands at 63.3 for Oct‑Dec 2026 and is projected to hit 64.8 by Jul‑Sep 2027.
Services and trading also rose—M‑BCI at 61.3 from 60.4—while forecasts for Oct‑Dec 2026 are 61.0 (services) and 61.1 (trading). By Jul‑Sep 2027 the trading index is expected to reach 60.9 and services 61.1. Ravi Kumar, a 45‑year‑old textile mill owner in Bhavnagar, said the confidence boost gives him hope to expand his operations into new markets.