Rise in digital adoption and sustainability measures across MSMEs: SIDBI MSME Outlook Survey
SIDBI) has launched their first ever MSME Outlook Survey, a quarterly analysis of MSME business sentiment for the October-December 2024 period.
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The report, based on a pan-India survey of 1,200 MSMEs across manufacturing, services, and trading sectors, captures business sentiment on 22 critical parameters, including sales growth, profitability, employment trends, financial access, cost of funds, and ease of doing business. The survey covered 77 cities (Tier 1, 2, and 3) and 66 villages across India, ensuring a diverse representation of MSME voices.
Key findings indicate strong business confidence among MSMEs, particularly in the manufacturing sector reflecting optimism in sales, profitability, skilled labor availability, and access to finance for the coming quarters. Additionally, the report highlights a steady rise in digital adoption and sustainability measures across MSMEs.
The key findings of the survey are as follows:
— MSMEs across manufacturing, trading and services (other than trading) sectors noted an uptick in their business performance in the period October-December 2024. The MSMEs engaged in manufacturing activity were most positive with the M-BCI for the Manufacturing sector exhibiting the strongest business confidence reading of 60.33, closely followed by the Services M-BCI at 59.67.
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