 "Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx")
Hit by a prolonged economic slump, the business sentiment among micro and small enterprises (MSEs) slid sharply to 106 in the quarter ended September 30, from 120 in the April-June quarter, according to CRISIL-SIDBI survey (CriSidEx).
The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter.
Amish Mehta, chief operating officer, CRISIL, said the findings for the September 2019 quarter need to be viewed in the context of macroeconomic factors, such as production cuts by automobile manufacturers impacting utilisation of components.
There
The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter.
Amish Mehta, chief operating officer, CRISIL, said the findings for the September 2019 quarter need to be viewed in the context of macroeconomic factors, such as production cuts by automobile manufacturers impacting utilisation of components.
There
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